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News Link • Government Debt & Financing

$1.2 trillion for national security? That's the new budget nobody in power wants you to notice

• Christopher Hellman, CBS News
What if you went to a restaurant and found it rather pricey? Still, you ordered your meal and, when done, picked up the check only to discover that it was almost twice the menu price.

Welcome to the world of the real U.S. national security budget.  Normally, in media accounts, you hear about the Pentagon budget and the war-fighting supplementary funds passed by Congress for our conflicts in Iraq and Afghanistan.  That already gets you into a startling price range -- close to $700 billion for 2012 -- but that's barely more than half of it.  If Americans were ever presented with the real bill for the total U.S. national security budget, it would actually add up to more than $1.2 trillion a year.

Take that in for a moment.  It's true; you won't find that figure in your daily newspaper or on your nightly newscast, but it's no misprint.  It may even be an underestimate

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