Senator Everett Dirksen, a hawk during the Vietnam era, is credited with coining the sarcastic phrase.
However, forty years later, it should be updated to read a trillion here and there. For instance, one of the articles highlighted in the Viewpoints section today details the ever expanding blackhole that is the accounting system(s) used by the Defense of Defense: “The Pentagon’s $1 Trillion Problem.”
It is arguably a depressing piece if for no other reason than to serve as a sobering update to a 3-year-old SFGate report, “Military waste under fire - $1 trillion missing.”
While the details of either investigation may not surprise the readers of AWC, the fact that these problems not only continue but geometrically grow could arguably serve as yet another empirical case-study of how socialism cannot calculate. The military, a bastion for the purest form of socialism, has neither the incentive, the knowledge, nor the ability to price goods and services — let alone produce accurate records of its own nefarious activities.
In many cases it is the sole consumer of vehicles and armaments whose existence is entirely alien to the market-based world that must satisfy wants and needs by providing useful and productive services to potential customers.
And in other instances its insatiable appetite distorts the market-clearing price for commonly used goods such as oil.
Even if a unified, common accounting system was implemented, institutional inertia comprised by secret committees, kleptocratic planners, and politically-controlled technocrats will perpetually fail to coordinate a Byzantine bureaucracy that inherently cannot communicate or calculate.
And there is little reason to believe that the engine for state growth - the health of the state - will be muted or diminished in the coming decades.
See also: Socialism, by Ludwig von Mises
The Security-Industrial-Congressional Complex, by Robert Higgs