The finances of the US armed forces have been in a state of near-continuous audit for decades and despite spending billions of dollars and thousands of person-years trying to make sense of what the military spends, we're no closer to an answer, and no one disputes that there are trillions of dollars' worth of unaccountable transactions (but importantly, not trillions of dollars in spending) that make it impossible to figure out whether and when and how the Pentagon is being ripped off, or wasting money, or both. Enter Matt Taibbi (previously), who is one of journalism's princes of incandescent invective, a superb polemicist at short and longer lengths. But that's only half of the Taibbi story: the other half is his uncanny knack for unravelling baroque scams, cutting through the mind-numbing complexity and getting right to the chase. That's what he's done in The Pentagon’s Bottomless Money Pit, an 8,000-word explainer on the Pentagon's budget crisis that is one of the clearest pieces of financial writing I've ever read, drawing in the structural, economic, personal and historic elements that have created the "bottomless money pit" that is the US military. The problem is a snarled knot of many smaller problems.
Matt Taibbi Finally Makes Sense Of The Pentagon's Trillions In Off-books "budgetary Irregularities"
Cory Doctorow, Boing Boing
Tue, 03/19/2019 - 11:25am
Topics: enter matt taibbi gdp the air force big four the defense department navy air force army marine corps r&d defense finance accounting service secretary dick cheney reuters complicating congress meanwhile the pentagon s bottomless money pit matt taibbi/rolling stone the pentagon it to the pentagon the pentagon s bottomless money pit navy in dfas sense trillions system dollars billions transactions month order budget fiefdoms pile nuclear records books thousands year payroll spends worth key operations created called scams real
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