DoD fails another audit
Fourth in a row I think. But it's 'getting closer.' Current budget is $724b. It doesn't track well it's spending at an enterprise (overall) level.
This is up since the 80s, but as a percentage of GDP it is lower than the 80s. It's currently between 3 and 4% of GDP (was about 5%).
Some (?) is debt-financed. Some is misallocated.