In 2015, Michigan State economics professor, Mark Skidmore became curious when he heard former assistant secretary of Housing and Urban Development (HUD) Catherine Austin Fitts mention that the Pentagon couldn’t account for $6.5 trillion in spending. So he asked Fitts and a team of his graduate students to help him confirm that number. After poring over public documents, the team discovered that the original number was inaccurate.
Instead of $6.5 trillion in unsupported spending, the team found that the actual number is $21 trillion – a sum equivalent to our entire national debt!
Even if that number is flawed (and there’s no reason to believe that it is), there is plenty of evidence to show that the military-industrial complex President Eisenhower warned about has severely damaged our nation’s economic health. For example, it is estimated that our misadventures in the Vietnam civil war cost us $1.3 trillion in 2017 dollars. The cost of care for Vietnam vets has cost us at least $1 trillion to date. And neither of those figures include the billions of dollars wasted on supplies fraudulently sold through the black market in Vietnam.
It is estimated that the Reagan-era tax cuts and military build-up contributed $3 trillion to our national debt. The Bush tax cuts contributed an additional $10 trillion to the debt. The cost of our war in Afghanistan – now our longest-running war – is $2.4 trillion and counting. The cost of care for Afghan war vets is $1 trillion. Our invasion of Iraq cost yet another $2.6 trillion. And the cost of care for Iraq war vets is estimated at $1.3 trillion.
In addition, the US has spent more than $61 billion in the reconstruction of Iraq. Another $8 billion of US funds is missing in Iraq. $45 billion is missing in Afghanistan. And, claiming that the cost of transportation is too great to bring military equipment home, the Pentagon ordered it buried in the sands of Kuwait.
The Pentagon’s F-35 joint strike fighter program has already cost more than $450 billion and is expected to top out at more than $1.5 trillion. Yet it has failed almost every test. In the words of two military analysts, “It can’t turn, can’t climb and can’t run.” And in another blatant display of waste, Congress authorized spending hundreds of millions of dollars for Abrams tanks that the Army doesn’t even want.
How has the Trump administration and Congress responded to all of this spending? They increased the Pentagon budget by another $700 billion! Then they passed a tax cut for corporations and the wealthy that is expected to add yet another $1-2 trillion to the national debt over the next decade!
Of course, the GOP has a plan to pay for all this spending. As articulated by Speaker of the House, Paul Ryan, they plan to cut spending through “entitlement reform.” In other words, the GOP plans to cut funding for Medicare, Medicaid, SNAP and Social Security.
Maybe – just maybe – there’s another way. Imagine if, instead of spending our money on unnecessary wars and tax cuts for the rich, we spent that money for good. Imagine if we spent it on health care for our citizens; on education; on rebuilding our infrastructure; on scientific achievements; on lifting people out of poverty; on eradicating disease. We could do all of that and more with just the money the Pentagon wastes.
Author William Blum put our current military budget in context when he said, “Do you know what one year of the US military budget is equal to? One year. It’s equal to more than $20,000 per hour for every hour since Jesus Christ was born.”
And that doesn’t even include the trillions of dollars in Pentagon spending that are missing or unaccounted for.