How much did the military spend yesterday? $211 million

Two companies on our watchlist added a few million more to their October coffers: BAE and Raytheon.

Yesterday's breakdown:

BAE: $7,930,867 (1 modification)
Boeing: --
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: --
Northrop Grumman: --
Raytheon: $17,897,746 (1 modification)

October to-date totals:

BAE: $82,590,985
Boeing: $201,211,382
Booz Allen Hamilton: $0
General Dynamics: $434,370,635
Lockheed Martin: $355,893,416
Northrop Grumman: $208,169,003
Raytheon: $29,852,490

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Below are the contracts awarded by the Defense Department
October 17, 2019
totaling $211,207,096

Recent record daily spending: $10 billion on September 27, 2019

Army - $161,569,430

AECOM / Tetra Tech JV (Boston, MA), Black & Veatch Special Projects (Overland Park, KS), Jacobs Government Services (Arlington, CO) $149,969,200
South Dade Air Conditioning & Refrigeration (Plantersville, AL) $11,600,230

Navy - $25,828,613

Raytheon (McKinney, TX) $17,897,746
BAE Systems Technology Solutions & Services (Rockville, MD) $7,930,867

Air Force - $15,246,093

Pride Industries (Roseville, CA) $15,246,093

Defense Logistics Agency - $8,562,960

National Industries for the Blind (Alexandria, VA) $8,562,960

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. Its spending primarily enriches the military industrial complex, including the big seven: BAE, Boeing, Booz Allen Hamilton, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.