In this presentation, Michael Schratt examines the evidence to support the existence of a massive Black Budget which is exempt from congressional oversight and public scrutiny. Topics to be covered are as follows: The Reagan administration military buildup, How black programs are hidden from Congress, specific cost break-downs, classified codenames, the heart of the military industrial complex, Pentagon double-speak, fraud, waste and abuse in government spending. Also to be revealed are specific examples of defense contractor “gold plating”, and how the American taxpayer is exploited by overpaying for military hardware. Strap in and buckle up for this non-holds-barred visual presentation which includes multiple sources and references.