Although a majority of U.S. voters are opposed to military spending in excess of $800 billion, earlier efforts to slash the Pentagon’s budget have failed to gain enough support to pass the House or Senate thanks in part to lawmakers who receive significant amounts of campaign cash from the weapons industry, which benefits from constantly ballooning expenditures.
Roughly 55% of all Pentagon spending went to private sector military contractors from FY 2002 to FY 2021, according to Stephen Semler of the Security Policy Reform Institute. “If this privatization of funds rate over the last 20 years holds,” Semler wrote in December, arms dealers will gobble up an estimated $407 billion in public money in FY 2022.