Billion-dollar babies refers to the companies that take at least that amount annually from the Pentagon’s budget:
. . . these five stealth corporations from the military-corporate complex received more than $8.9 billion in taxpayer dollars in 2007. To put this into perspective, that sum is almost $2 billion more than the Bush administration’s proposed 2009 budget for the Environmental Protection Agency. Put another way, it’s about nine times what one-sixth of the world’s population spent on food last year.
If this doesn’t infuriate you into voting, nothing will.