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IPFS News Link • Economy - Economics USA

Congress showers the Pentagon with cash while Americans pinch pennies

• by Ben Freeman and Faezeh Fathizadeh

Gas prices are at an all-time high. Rent prices have set records for the last 13 months straight. Inflation is increasing so sharply that even the cost of basic utilities has risen by nearly 30 percent in the last 12 months. There are growing fears that the economy is poised to fall into recession.

What is Congress doing as a growing chorus of Americans think these and other economic issues are the most important problems facing the nation today? They're planning to give military contractors the biggest payday they've ever seen.

This week, at a time when Americans are fighting to keep roofs over their heads and feed their families, Congress's plan is to authorize a record-setting $838.8 billion in spending, not to the American people, but to the Pentagon. As happens nearly every year, more than half of this sum will likely go to Pentagon contractors, whose CEOs make tens-of-millions of dollars while telling their shareholders that war and rising global tensions are good for business.

Yet this week Congress is on track to give the Pentagon $37 billion more than the military even asked for. Instead of funding pork-barrel projects across the country -— such as the Littoral Combat Ship, known in U.S. Navy circles as the "little crappy ship" that reportedly can't travel half its maximum speed without cracking its hull — Congress could use this money to pay for a variety of things Americans desperately need right now, like school lunches, affordable housing, and utility assistance programs.

Even just lowering taxes by $37 billion or giving this money directly to the American people could put more than $100 in the pocket of every single American at a time when they desperately need it. 

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