The United States is the world’s largest exporter of armaments, accounting for more than 38 percent of international weapons sales between 2017 and 2021. The Pentagon is also the US military-industrial complex’s single largest buyer, with its $801 billion in military spending dwarfing that of all of Washington’s major adversaries combined.
PRC Could Starve US Military-Industrial Complex of Ability to Build Weapons With One Move: Report
Tag: Senate Armed Services Committee
Congress and Pentagon seek to shore up strategic mineral stockpile dominated by China
Congress has repeatedly authorized multimillion-dollar sell-offs of the U.S. strategic minerals stockpile over the past several decades, but Washington’s increased anxiety over Chinese domination of resources critical to the defense industrial base has prompted lawmakers to reverse course and shore up the reserve.
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The stockpile was valued at nearly $42 billion in today’s dollars at its peak during the beginning of the Cold War in 1952. That value has plummeted to $888 million as of last year following decades of congressionally authorized sell-offs to private sector customers. Lawmakers anticipate the stockpile will become insolvent by FY25.
“A lot of what happened is Congress just getting greedy and finding politically convenient ways to fund programs that they weren’t willing to raise revenue for,” said Moulton.
Congress and Pentagon seek to shore up strategic mineral stockpile dominated by China
Blame China for their greed?! 🙄
Austin: US Giving Ukraine Intelligence for Attacks Against Russia in the Donbas
On Thursday, Secretary of Defense Lloyd Austin said that the US is providing Ukraine with intelligence to carry out attacks against Russia in Ukraine’s eastern Donbas region.
Austin: US Giving Ukraine Intelligence for Attacks Against Russia in the Donbas
Venezuelan Army Dismantles Colombian Paramilitary Camp for Making Explosives in Apure + More
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The U.S. Army’s Iron Dome could be headed to Ukraine
A House bill wants more money for Kyiv’s defense, and a missile-defense system might be in the mix.
The U.S. Army’s Iron Dome could be headed to Ukraine
Lawmakers pave way for $1.2 trillion in new military spending over next 10 years
By Andrew Lautz | Responsible Statecraft | September 2, 2021
Reporters, lobbyists, activists, Biden administration officials and, of course, lawmakers and their staffs spent countless hours and an ocean of ink on the negotiations for and passage of a recent bipartisan infrastructure bill totaling around $1 trillion. Casual observers probably won’t hear as much, though, about two votes — one in the Senate and one in the House — that could pave the way for Congress to spend a whopping $1.2 trillion additional dollars on the military, above current projections, over the next decades. Here’s how.
Lawmakers pave way for $1.2 trillion in new military spending over next 10 years
Ms. Cat’s Chronicles 
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