How much did the military spend yesterday? $41 million

Yesterday's big winner was Mike Hooks, LLC out of Westlake, Louisiana with a $24 million contract for the rental of a 27-30 inch cutterhead pipeline dredge.

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.

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Below are the contracts awarded by the Defense Department
July 5, 2019
totaling $41,220,406

Recent record daily spending: $10 billion on May 8, 2019

Army - $31,834,750

Mike Hooks LLC (Westlake, LA) $24,000,000
Lions Services (Charlotte, NC) $7,834,750

Defense Logistics Agency - $9,385,656

City Light & Power (Greenwood Village, CO) $9,385,656