The US is exceptional … when it comes to war profiteering.
Ever since the Supreme Court said that defense contractors can buy off politicians left and right, business has been booming for the defense industry.
Last year, the defense industry spent over $125 million on lobbying efforts. And thatindustry has spent at least $120 million on lobbying every year since 2007.
In response, our lawmakers have made sure that the defense industry is well-rewarded.
In 2011, the US government spent 20 percent of the federal budget on defense. That’s more than it spent on Medicare, Medicaid and other social safety net programs.
That 20 percent equals about $718 billion – more than the next 13 closest nations spent on defense combined.
US defense spending today is higher than at any time since the height of World War II.
As you might expect, all of that spending has made US defense contractors very, very rich.