The Military Industrial Complex Is Going To Absolutely Love It When War With China Erupts
George Orwell once said that “war against a foreign country only happens when the moneyed classes think they are going to profit from it”, and he was right on target. War is enormously profitable, but once the conflicts in Iraq and Afghanistan ended the military industrial complex needed a new cash cow. So now we have the war in Ukraine, and we are being told that it could go on for years. Life is good again for the big arms manufacturers, but it could be even better. A war with China would cause military spending to soar to unprecedented heights that we have never been before, and we are getting closer to such a conflict with each passing day.
But before I get to that, let me start by taking a look at the impact that the war in Ukraine is having. The Biden administration is asking for a whopping 802 billion dollars in defense spending for the upcoming fiscal year, but it looks like Congress is going to give him about 850 billion dollars instead…
While lawmakers haven’t struck a deal yet on spending for the coming fiscal year, increases backed by the armed services committees point to national defense spending that could approach or exceed $850 billion, versus the $802 billion Biden requested.
Rep. Anthony Brown (D-Md.), a House Armed Services Committee member who voted in favor of the topline increase, noted the swiftness of the deliberation over the topline. “In the committee, there was almost no debate,” he said.