Larger than the entire US economy: Pentagon racks up $35 trillion in accounting changes in a year

Just $35 TRILLION. In all this double and triple counting one can rest assured that some people are cashing in.

(From MSN)

The figure dwarfs the $738 billion of defense-related funding in the latest U.S. budget, a spending plan that includes the most expensive weapons systems in the world including the F-35 jet as well as new aircraft carriers, destroyers and submarines.

“Within that $30 trillion is a lot of double, triple, and quadruple counting of the same money as it got moved between accounts,” said Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies.


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Author: Nick Sorrentino


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