Pentagon Spends Trillions on Military Contractors
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A new study reveals that from 2020-2024, the US Pentagon spent $2.4 trillion on military contractors, representing 54% of its discretionary budget. Top five contractors received $771 billion. The report, by the Quincy Institute and Costs of War project, highlights that despite claims of cuts, military spending continues to rise, exceeding $1 trillion annually, fueled by spending to counter China and increased aid to Israel and Ukraine. This massive transfer of wealth from taxpayers to corporations is criticized as wasteful and driven by lobbying, not rational defense planning.
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