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Havish Gupta
Figuring Out • 1y
How the US Military Lost $2.3 Trillion! So Firstly, The US military didn’t loose $2.3 trillion, they just lost track of where it was spent. Understand that with an easy example. So Imagine that you earned and spent 10 lakhs in a year, but only documented transactions worth 6 lakh. Thus, the remaining 4 lakhs isn't lost, you just don't know where you spent it. Same happened with US Military and that was because they still used pen and paper to maintain their books. Also some of their offices shifted to computer while some didn't. Thus, it became hard to account. Also, that $2.3 trillion wasn't spent in a single year. Rather, it was cumulative unaccounted spends made over the years Still, this was concerning because the total US Military budget was $330 Billion that year and the military just get's up and says that they don't know where the $2.3 Trillion was exactly spent. Btw, this news was revealed by the Donald R, the Secretary of US Defense on Sep 10, 2001. (Just sayin)
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