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Exposing the Black Budget

Summary:
The Cold War is over. So why, Paul McGinnis wanted to know, are major CIA, NSA, and Department of Defense programs still being kept secret from Congress and US taxpayers?In Blank Check, Weiner argued that the black budget represented an entire culture of deception - "the realm of nukes and spooks," he called it.Black budgeting, its opponents argue, is more about hiding from Congress and the public than from any foreign enemies....the details of the black budget are revealed to only a few select Congressional committee members - and sometimes not even to them.The size of the appropriation for Aurora rose from million in 1986 to .3 billion for 1987. The next year it vanished.Exposing the Black Budget

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 The Cold War is over. So why, Paul McGinnis wanted to know, are major CIA, NSA, and Department of Defense programs still being kept secret from Congress and US taxpayers?


In Blank Check, Weiner argued that the black budget represented an entire culture of deception - "the realm of nukes and spooks," he called it.

Black budgeting, its opponents argue, is more about hiding from Congress and the public than from any foreign enemies....

the details of the black budget are revealed to only a few select Congressional committee members - and sometimes not even to them.

The size of the appropriation for Aurora rose from $8 million in 1986 to $2.3 billion for 1987. The next year it vanished.



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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