Lockheed-Funded House Appropriations Chair Vows to Protect Defense Spending

This article was produced by Sludge, an independent, ad-free investigative news site covering money in politics. Click here to support Sludge. Texas Republican Rep. Kay Granger, who co-founded the Joint Strike Fighter Caucus in 2011 to fend off budget cuts to Lockheed Martin’s F-35 weapons system, is the new chair of the committee that doles out hundreds of billions of dollars to fund defense… Source Source / Read More: Lockheed-Funded House Appropriations Chair Vows to Protect Defense Spending

Top Recipient of War Industry Money to Head GOP House Armed Services Committee

Two House Republicans set to chair committees responsible for crafting and passing the annual defense bill were the biggest recipients of campaign money from individuals and PACs affiliated with the defense sector, an OpenSecrets analysis found. Reps. Mike Rogers (R–Alabama) and Ken Calvert (R–California) are slated to rise from the ranking members of the House Armed Services Committee and Defense… Source Source / Read More: Top Recipient of War Industry Money to Head GOP House Armed Services Committee

Pentagon to Spend $200 Billion on New Nuclear Bomber as Millions Live in Poverty

Peace and economic justice advocates responded to the imminent unveiling Friday of the United States Air Force’s new $750 million-per-plane nuclear bomber by reiterating accusations of misplaced priorities in a nation where tens of millions of people live in poverty and lack adequate healthcare coverage. Military-industrial complex giant Northrop Grumman is set to introduce its B-21 Raider on… Source Source / Read More: Pentagon to Spend $200 Billion on New Nuclear Bomber as Millions Live in Poverty

The West’s Tax Loopholes Render Sanctions on Russian Oligarchs Moot

Where would Vladimir Putin be without the Russian oligarchy? Without Russia’s oligarchs, political leaders of the Western world have concluded, Putin would be tottering. Western leaders have made squeezing Russia’s richest a central piece of their strategy to end Putin’s Ukraine cross-border assault. These same Western leaders, unfortunately, have failed to take seriously what ought to be an equally pressing question: Where would Russia’s oligarchs be without the West, without the Wall Streeters, wealth managers, and assorted other high-finance riff-raff “paid millions,” as Institute for Policy Studies analyst Chuck Collins puts it, “to help billionaires sequester trillions”? Western leaders have…