The following report is by The Trends Journal:
The bill increased the debt ceiling and put some curbs on federal spending, but, much to the delight of the defense industry, spending for national security for fiscal 2024 was capped at $886 billion, which Reuters noted was the amount that the White House requested.
Taiclet spoke at the Bernstein Annual Strategic Decisions Conference for investors on Thursday—prior to the bill’s passage and said the frozen military budget is as good an “outcome as our industry or our company could ask for at this point.”
Responsible Statecraft reported that Lockheed Martin received 73 percent of its net sales from the Pentagon and spent $13 million in lobbying government officials. Taiclet pulled in $24 million last year based on “performance-related bonuses.”
Taiclet spoke about what his company learned from the Ukraine War and how it needs to develop the capacity to ramp up production when needed.
The benefit of being one of the munitions providers that is now being asked to ramp up is there’s going to be [a] revenue opportunity that comes with that, and we want to take advantage of it.
He said
President Joe Biden issued a statement after the bill was passed and said the agreement “demonstrated once more that America is a nation that pays its bills and meets its obligations—and always will be,” according to the Associated Press.
Sen. Chuck Schumer, D-N.Y., who couldn’t fight his way out of a paper bag, said the deal “does nothing” to limit the Senate’s ability to approve other emergency supplemental funds for Ukraine.
SEE: Warmongers In US Congress Push Record Spending For Military Industrial Complex
TRENDPOST: Gerald Celente has long said China is in the business of business, and the U.S. is in the business of war. Lindsay Koshgarian of the National Priorities Project told Common Dreams that the U.S. will spend about 56 percent of its total discretionary spending this year on the military.
This represents a massive shift of resources away from domestic programs and toward the military: the already-gargantuan military budget will increase by $28 billion (3.3 percent), while domestic spending will take a cut of $63 billion (8.2 percent).
Cuts to many domestic programs will need to go deeper, because domestic spending includes veterans’ programs, which are protected from cuts in the current deal.
She wrote.
Politico noted that “lawmakers in both parties are already looking for ways to boost funding levels in spite of those caps” and are “looking for creative ways to increase the Pentagon budget.”
Sen. Susan Collins, R- Maine, said an inadequate defense budget “could be addressed and remedied by an emergency defense supplemental.”
That is what we need to do. That is what I would ask the administration and my colleagues on the other side of the aisle to commit to—because we know this budget is not adequate to the global threats that we face.
She said, according to Politico.
We’ve noted that there’s only one truly bipartisan issue in Washington and that is war.
AUTHOR COMMENTARY
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
1 Timothy 6:10
Cutting the defense budget is never up for discussion. The business of America is war: that’s why we start so many with no overt goal and exit plan. Everything must be fueled to protect the military industrial complex.
Read more about the debt ceiling ruse here: “The US Debt Ceiling Crisis Is A Big Fat Joke, Lie, And Scare Tactic”
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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