Money Well Spent?

An item on military procurement from DefenseTech:

19 percent of the Pentagon’s acquistion budget — the money to research and buy things — is being devoted to super-secret items, according to the Center for Strategic and Budgetary Assessments. That comes out to about 28 billion dollars, almost double what was spent in 1995.

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Not only is there a war on, but it’s a war fought largely in the shadows. A bigger black budget makes a lot of sense. Remember though that “black spending” often means “wasteful spending,” and we don’t have any way to audit it.

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