This CBS news segment shows the Pentagon is unable to keep track of 25 percent of the money it spends, or about $2.3 trillion a year. No one knows what this money has been spent on; there are no records of it.
Despite this, defense spending has continually increased over the past few years, and few attempts have been made to ascertain where the "missing" money is, and accurate accounting alone could be used to reduce the military budget.
In all, $2.3 trillion comes to about $8,000 for every man, woman and child living in America.
YouTube.com - June 14, 2006
Edited by frantique, 14 December 2006 - 12:14 AM.