How much did the military spend yesterday? $322 million
A slow start to the new spending quarter with only two companies on the watchlist getting some government love. These shorter lists sure do make my job easier! Still, remember that Lockheed Martin and Boeing are receiving awards nearly every single day. Even on a slow spending day, we're spending a ridiculous amount of money.
Yesterday's breakdown:
BAE: --
Boeing: $7,892,950 (1 modification)
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: $163,950,489 (1 modification)
Northrop Grumman: --
Raytheon: --
October to-date totals:
BAE: $0
Boeing: $7,892,950
Booz Allen Hamilton: $0
General Dynamics: $0
Lockheed Martin: $163,950,489
Northrop Grumman: $0
Raytheon: $0
Below are the contracts awarded by the Defense Department
October 2, 2019
totaling $322,604,143
Recent record daily spending: $10 billion on September 27, 2019
Air Force - $215,076,184
Lockheed Martin Space (Sunnyvale, CA) $163,950,489
ASES d/b/a Field Aerospace (Oklahoma City, OK) $21,346,897
The Texas Workforce Commission (Austin, TX) $17,085,515
CACI Federal (Chantilly, VA) $12,693,283
Defense Logistics Agency - $69,387,451
Eaton Aeroquip (Jackson, MI) $69,387,451
Defense Health Agency - $12,428,715
Four Points Technology (Chantilly, VA) $12,428,715
Navy - $10,592,822
General Electric (Lynn, MA) $10,592,822
Army - $7,892,950
Boeing (Mesa, AZ) $7,892,950
US Transportation Command - $7,226,021
Louis Berger Aircraft Services (Greenville, SC) $7,226,021
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. Its spending primarily enriches the military industrial complex, including the big seven: BAE, Boeing, Booz Allen Hamilton, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.
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