How much did the military spend yesterday? $759 million

Yesterday was a slow day in defense spending, with only five contracts awarded, but the big winner was a company called Innovation Associates out of Johnson City, New York. IA was awarded a $450 million contract for automated pharmaceutical equipment under the Patient Monitoring and Capital Equipment Program.

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 23, 2019
totaling $759,108,122

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

Defense Logistics Agency - $459,804,501

Innovation Associates (Johnson City, NY) $450,000,000
Sikorsky Aircraft (Stratford, CT) $9,804,501

Army - $291,289,265

ASNA (Santa Ana, CA), Mills Manufacturing (Ashville, NC) $249,000,000
North Carolina Division of Services for the Blind (Raleigh, NC) $42,289,265

Navy - $8,014,356

GCR-MID (Pinehurst, NC) $8,014,356