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
This kind of government waste is not an isolated phenomenon. It is one of the reasons why, for example, our health care system is the most expensive in the world.
As of this year, the
Incidentally, government actuaries predict health care spending is on track to increase nearly a third by 2011, to nearly $3 trillion. You can do your part to help avert that disaster in the making by taking better responsibility for your own health.
On Vital Votes,