Defense Spending Is A Privateering Grift, Part Infinity … from Crooks & Liars Jessica Corbett

Less than a week after U.S. President Donald Trump signed a budget package that pushes annual military spending past $1 trillion, researchers on Tuesday published a report detailing how much major Pentagon contractors have raked in since 2020.

Sharing The Guardian‘s exclusive coverage of the paper on social media, U.K.-based climate scientist Bill McGuire wrote: “Are you a U.S. taxpayer? I am sure you will be delighted to know where $2.4 TRILLION of your money has gone.”

The report from the Costs of War Project at Brown University’s Watson School of International and Public Affairs and the Quincy Institute for Responsible Statecraft shows that from 2020-24 private firms received $2.4 trillion in Department of Defense contracts, or roughly 54% of DOD’s $4.4 trillion in discretionary spending for that five-year period.

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