That Time The Military Let $2.3 Trillion Go "Missing" - How Money Works | How Money Works
How Money Works
Intro
This chapter examines the astounding loss of $2.3 trillion by the Department of Defense and the implications of this financial misconduct. It also discusses how major events shifted public focus away from this mismanagement, highlighting the need for greater accountability in military financial practices.
That Time The Military Let $2.3 Trillion Go "Missing" - How Money Works
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In 2001 defence secretary Donald Rumsfeld announced that the department of defence had lost more than 2.3 trillion dollars.
At this time the entire federal budget was only 1.8 trillion dollars which meant that the military had basically just oopsied away more than a years’ worth of the governments entire bankroll.
The public was furious to say the least, and rumours quickly started circling about where this money ended up.
Fortunately for Rumsfeld and the entire militaries senior brass the public announcement of the missing money was made on a very opportune day, September 10th.
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Edited By: Andrew Gonzales
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