Yesterday, the anniversary of 9/11, was a slow spending day for the Defense Department and only one company on our watchlist was able to benefit: Boeing with a $45 million contract for P-8A upgrades for the Navy and the government of Australia.
Yesterday's breakdown:
BAE: --
Boeing: $45,803,988 (1 contract)
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: --
Northrop Grumman: --
Raytheon: --
September to-date totals:
BAE: $280,935,658
Boeing: $78,298,428
Booz Allen Hamilton: $61,265,526
General Dynamics: $126,870,311
Lockheed Martin: $380,210,961
Northrop Grumman: --
Raytheon: $8,422,148
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.
Below are the contracts awarded by the Defense Department
September 11, 2019
totaling $103,930,843
Recent record daily spending: $17 billion on August 5, 2019
Navy - $78,080,988
Boeing (St. Louis, MO) $45,803,988
CM Construction Services (Visalia, CA) $20,000,000
Veterans Northwest Construction (Seattle, WA) $12,277,000
Army - $25,849,855
Eastman Aggregate Enterprises (Lake Worth, FL) $15,949,855
Golden Wolf Ewing Cole JV (Huntington, MD), HKS WSP JV (Dallas, TX), Rogers, Lovelock & Fritz (Orlando, FL) $9,900,000
