Most of defense department’s discretionary spending from 2020 to 2024 went to military contractors
A new study of defense department spending previewed exclusively to the Guardian shows that most of the Pentagon’s discretionary spending from 2020 to 2024 has gone to outside military contractors, providing a $2.4tn boon in public funds to private firms in what was described as a “continuing and massive transfer of wealth from taxpayers to fund war and weapons manufacturing”.
The report from the Quincy Institute for Responsible Statecraft and Costs of War project at Brown University said that the Trump administration’s new Pentagon budget will push annual US military spending past the $1tn mark.
That will deliver a projected windfall of more than half a trillion dollars that will be shared among top arms firms such as Lockheed Martin and Raytheon as well as a growing military tech sector with close allies in the administration such as JD Vance, the report said.
That’s basically what I’d expect. The US isn’t going to aim to compete with China by putting more riflemen in trenches than China — China has lower wages and more people, not the battlefield you want — but by aiming to maintain a tech and hardware advantage and leveraging that. That’s going to involve spending on military systems procurement.
Thats alot of words for fascism.
Is that why we’re gutting science funding and actively encouraging all our scientists and engineers to flee the country?