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.
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.