Can the U.S. Afford Its Military Aid Promises?
SHORT VIDEO CLIPS, 20 May 2024
CNBC - TRANSCEND Media Service
Joe Biden signed a $95 billion U.S. military aid package last April to Ukraine, Israel, Taiwan and the Indo-Pacific region. The National Defense Authorization Act of 2024 authorized military spending of a record $886 billion. “Most of that money will go to support US defense industries.” Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman had DoD contracts of more than $118 billion in 2022.
Tags: Arms Industry, Arms Trade, Catastrophe Capitalism, Disaster Capitalism, Predatory Capitalism, Rogue states, Savage Capitalism, USA, War Economy, Weapons
This article originally appeared on Transcend Media Service (TMS) on 20 May 2024.
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