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.


Reprinted from: https://www.ac2news.com/2020/01/larger-than-the-entire-us-economy-pentagon-racks-up-35-trillion-in-accounting-changes-in-a-year/

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