A decade-plus of annual records in military spending had the United States centered around a wartime economy, and sequestration, with its relatively modest cuts in spending, would be enough to send the whole system crashing down.
At least that was the theory put forward by lobbyists for the arms makers in fighting budget cuts in Congress. The gloomy predictions never panned out, however, and the major contractors are enjoying massive and rising profits, even as their overall sales dip somewhat.
Lockheed Martin explained their rising profits as a function of several years of layoffs and “slimmed down” facilities, though analysts also point to huge cash reserves they’ve built up from a decade of juicy war contracts.
Still, the companies’ bottom line is going to cost their lobbyists some credibility, especially as they continue to push Congress to roll back sequestration and ratchet up spending once again. The claim that the companies are in dire straits without more runaway spending just doesn’t hold water.
We the people understand that the mewing and gnashing from the MIC was all kabuki but we're not the intended target. Congress, despite what they tell us, rarely listen to the people and really don't care what we think or want. Congress will make things right for their paying friends, creating their own realities where the contractors are all suffering beyond all believability.