Report Reveals $8.5 Trillion Missing From Pentagon Budget

David B. Gleason (CC BY-SA 2.0)

David B. Gleason (CC BY-SA 2.0)

Via Crooks and Liars:

Yahoo Money’ The Daily Ticker  is reporting that is has discovered a Reuters investigation that reveals$8.5 trillion – that’s trillion with a “T” – in taxpayer money doled out by Congress to the Pentagon since 1996 that has never been accounted for.

You read that right. While Republican politicians rush to slash food stamps for the 47 million Americans living in poverty – the highest amount in nearly two decades –  Republican U.S. Secretary of Defense Chuck Hagel has the audacity to complain that $20 billion dollars in automatic sequester cuts to the massive and secretive $565.8 billion Defense Department budget are ” too steep, too deep, and too abrupt,” all while the Pentagon and the Defense Department are overseeing massive fraud, waste, and abuse.

For anyone wondering, Reuters reports that the D.O.D.’s 2012 budget totaled $565.8 billion, more than the annual defense budgets of the 10 next largest military spenders combined, including Russia and China.

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