Reply #137: Yup.

[Zan_of_Texas]

I missed the show, JD, but I've quoted that number and another here often.

Not that I have anything against the color black -- just secrets from the people.

You've got black ops. Black holes, where the money goes. Now, black box voting machines. It fits.

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The stats, if ya missed 'em:

Pentagon vs. Worldcom Accounting Mess
The Pentagon seems to be generating bigger accounting mistakes than all of Corporate America combined. The GAO and the Defense Department’s own Inspector General found that $2.3 trillion in accounting entries were simply not supported by “adequate audit trails” or “sufficient evidence” in the books they audited. That makes Worldcom’s recent admissions of 7 billion mis-stated dollars seem like a rounding error. -- according to True Majority


What is the defense budget for 2003 (not including Iraq, for which no estimate has been made)? $396 billion

What agency's financial books almost makes Enron and WorldCom look like models of transparency and accuracy? The Defense Department.

The Defense Department can't account for one-quarter of its money in any given year. Now, that's getting close to $100 billion, lost, we don't know where, in one year. That doesn't even include overcharges and waste -- we're talking MISSING. That dwarfs many of the big bankruptcies that rocked the nation. (See CBS News <http://www.cbsnews.com/stories/2002/01/29/eveningnews/printable325985.shtml)>

The Pentagon's own inspector general recently admitted that the department could not account for more than a trillion dollars of past spending. A congressional investigation reported that inventory management in the army was so weak it had lost track of 56 airplanes, 32 tanks, and 36 missile launchers.
"There's no accountability," said Danielle Brian, head of the Washington budget watchdog, Project on Government Oversight. (The Guardian, May 22, 2003)