Defense Contractors Are Using Tax Dollars to Profit Off War in Ukraine

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Defense Contractors Are Using Tax Dollars to Profit Off War in Ukraine
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If taxpayers knew that half the income tax dollars they paid every year was being spent on weapons, war and war preparation, people might voice their opposition to such programs.

Noting that the more than 5,000 Javelins sent to Ukraine amounted to a third of the administration’s stockpile of anti-tank missiles, Senator Roy Blunt, Republican of Missouri asked the pentagon officials … if they were prepared to quickly replace the anti-tank missiles. “It is not only possible; we will do that” said Defense Secretary Lloyd J. Austin III.

We would expect … a benefit to the [Raytheon missiles and defense business] top line” and to the wider business, as defense budgets and replenishment orders increase over the coming years, chief executiveToo often during Pentagon budget debates, foreign policy “concerns” obscure the driving imperative coming from the weapons industries. AsEven before US troops arrived in Baghdad, looting broke out — in Washington.

. Such bloated budgets have been voted for many years and are not a response to events in China, Ukraine or any actual foreign or military threat. Thus the 2021 Congressional Discretionary Budget was voted in 2020, long before the Ukraine conflict.

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