How much did the military spend yesterday? $584 million

Yesterday's big winner was GSL Solutions out of Vancouver, Washington with a position on the $450 million contract for automated pharmaceutical equipment under the Patient Monitoring and Capital Equipment Program announced two days ago. Innovation Associates also holds a position on this award.

This information is provided to highlight just how much taxpayer money is spent, per day, to enrich companies participating in the military industrial complex. The idea that our economy requires a governmental redistribution of wealth from individual taxpayers to large corporations that are friendly and well-connected to government came from the Keynesian argument for demand “stimulus” -- that our economy's health depends on higher and higher levels of spending. For this reason, personal saving is discouraged and often penalized by the government. But because individuals still tend to follow personal incentives to save, the Keynesian argument remains in effect: that government should spend money the public is reluctant to spend through tax-and-spend policies.

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Below are the contracts awarded by the Defense Department
July 24, 2019
totaling $584,751,017

Recent record daily spending: $10 billion on May 8, 2019

Defense Logistics Agency - $480,025,575

GSL Solutions (Vancouver, WA) $450,000,000
Crown Clothing (Vineland, NJ) $12,386,162
FN America (Columbia, SC) $10,589,029
Communications & Power Industries (Palo Alto, CA) $7,050,384

Navy - $89,725,442

Data Link Solutions (Cedar Rapids, IA) $62,300,000
Lockheed Martin Rotary & Mission Systems (Manassas, VA) $27,425,442

Army - $15,000,000

Baysinger / Bric JV (Marion, IL), Johnson-McAdams Firm (Greenwood, MS), American Engineers (Glasgow, KY) $15,000,000