Opinion | The House Military Spending Bill Is a Massive Giveaway to the Weapons Industry

  • 📰 commondreams
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

'The vast bulk of the added funds will go to pad the bottom lines of contractors like Boeing, Lockheed Martin, and General Dynamics.'

On Thursday, the House of Representatives passed its version of the National Defense Authorization Act, which sets policy goals and recommends a number for total Pentagon spending. The final version of the bill will be determined later this year.

The House bill would set spending for the Pentagon and related activities like work on nuclear warheads at the Department of Energy at an astonishing, $37 billion more than the Pentagon even asked for in its FY2023 budget request. The vast bulk of the added funds will go to pad the bottom lines of contractors like Boeing, Lockheed Martin, and General Dynamics.

"The House doubled down on the latest installment of the Pentagon’s three-decades-long, $2 trillion nuclear weapons buildup."— will go to weapons procurement and research and development, categories of funding that mostly go to contractors. By contrast, the increase for military personnel and health was just $1 billion, an indication that corporate profits continue to come before the needs of the troops.

Many of the additions to the Pentagon budget had more to do with parochial politics than they did with any coherent defense strategy. Rep. Jared Golden , who co-sponsored the amendment that added the $37 billion when the bill was under consideration by the House Armed Services Committee, made sure to include an extra Arleigh Burke class destroyer, a

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where’s the giveaway to the American people? Oh, that’s right, we’re not already fucking rich!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 530. in BUSİNESS

Business Business Latest News, Business Business Headlines