Wednesday, November 29, 2023

US Spends Billions On Overseas Wars, But Who Really Benefits?

Defense Secretary Lloyd Austin said the money will "Flow through our defense industrial base, creating American jobs in more than 30 states."

Defense Contractor Windfall Numerous analysts believe that the administration's supplemental spending request, in addition to its record-breaking defense funding, would effectively serve as a massive transfer of wealth to the defense sector from U.S. taxpayers.

Stephen Semler, co-founder of the Security Policy Reform Institute think tank, said defense contractors stand to reap billions from the administration's requested supplemental spending request, which would go "Mostly to just a few companies."

The larger issue is the record-breaking defense spending undertaken by the administration and Congress, culminating with last year's record-largest defense budget, according to Mr. Semler.

Defense Lobby Incentivizing Conflict A key concern of Mr. Semler and others is the continued incentivization of conflict, in which the defense industrial base may directly or indirectly work to prolong conflicts in an effort to maximize its economic gains.

"U.S.-backed wars, from Iraq and Afghanistan to Ukraine and Gaza, have direct ramifications for the U.S. defense sector," said Antony Loewenstein, an independent journalist and filmmaker who was based in East Jerusalem between 2016 and 2020.

The lack of transparency by the administration, the Pentagon, and the associated defense companies could therefore encourage a more general lack of accountability by U.S. leadership for ongoing violence in the foreign wars it funds, according to William Astore, a retired U.S. Air Force lieutenant colonel. 

https://www.theepochtimes.com/article/us-spends-billions-on-overseas-wars-but-who-really-benefits-5534663?utm_source=partner&utm_campaign=ZeroHedge&src_src=partner&src_cmp=ZeroHedge

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