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, Capitalism, Rogue states, USA, War Economy, Weapons
This article originally appeared on Transcend Media Service (TMS) on 20 May 2024.
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