Saturday, June 3, 2023

The United States of Lockheed Martin Scores Big Time on Debt Ceiling Deal

Editor's note: If there ever was a corporation that represents the "deep state" (Prof. Peter Dale Scott; AMERICAN EXCEPTION: HEGEMONY AND THE TRIPARTITE STATE) that corporation would be Lockheed Martin. The reason why the executives at Lockheed Martin are elated by the debt ceiling deal is because emergency spending is exempt and that means more Lockheed Martin weapons manufacturing for Ukraine and Taiwan. It also means there will be no limit on spending for Ukraine. The really big mystery here is where is Lockheed Martin taking the money besides weapons for Ukraine? Is the money going into a "parallel system of finance" to further fund black projects? U.S. Secretary of State Antony Blinken runs a sales office for Lockheed Martin out of the state department explaining why he doesn't want a cease fire in Ukraine. Ideology comes into play here. The Russians build missiles for defense. Lockheed Martin builds missiles for sale. When you lose roughly 27 million of your own people during WWII, you never quite get over the trauma. The Russian Federation can probably handle just about anything that comes their way. Here's the difference: The United States of Lockheed Martin builds glamor weapons for massive profits. The Russians build weapons to wage war. Some of us are starting to think Ukraine's Zelensky has a hot phone directly to the United States of Lockheed Martin. What's his cut on the deal as Ukrainian soldiers are calling their leaders out in Kiev as "f*cking fagot sell outs?" 
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Source: Common Dreams

Lockheed Martin CEO Hails Pentagon Budget Boost in Debt Limit Deal

The head of the major U.S. military contractor said the Pentagon top-line in the debt ceiling deal is "as good an outcome as our industry or our company could ask for at this point."

By Jake Johnson | June 02, 2023

The head of the top weapons contractor in the United States said Thursday that he's happy with the debt ceiling agreement negotiated by the congressional Republicans and the Biden White House, a deal that proposes a military budget increase while imposing two years of caps on other discretionary federal spending—impacting funding for education, housing, and more.

James Taiclet, the CEO of Lockheed Martin, said at a conference that the bill now awaiting President Joe Biden's signature is "as good an outcome as our industry or our company could ask for at this point," noting that it calls for "3% growth for two years in defense where other areas of the budget are being reduced."

"I think we're in a real strong position at this point," said Taiclet, adding that "there's sufficient funding in the president's budget."

Biden's $886 billion military spending request for fiscal year 2024—a $28 billion increase over current levels—is the topline military budget number set by the debt ceiling legislation, though war hawks in both parties are already exploring ways to dump even more money into the Pentagon's overflowing coffers.

If finalized in the appropriations process, military outlays will account for close to 56% of the U.S. federal government's total discretionary spending in fiscal year 2024, Lindsay Koshgarian of the National Priorities Project noted Thursday.

"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%), while domestic spending will take a cut of $63 billion (8.2%)," Koshgarian wrote. "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."

"The only reason there’s a budget deal at all right now is because House Republicans threatened to tank the economy by refusing to allow the U.S. to pay its bills unless they got cuts for programs they don't like," she added. "They succeeded, and as others have shown, the people to pay the price will be the poorest and most down on their luck. Worse, the current deal could set a new precedent for more of the same: unnecessary military increases while domestic programs are slashed."

Please go to Common Dreams to continue reading.
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Corporations benefit. Not you.

Related:


Honestly, there comes a time when the last thing you really have going for you is to tell Lockheed Martin to go f*ck off:

Lockheed Martin Boosts Earnings Outlook Citing Billions Of Innocent People Still Left To Kill 


Do Lockheed Martin employees vacation in Hawaii?

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