The case for a private military -- let the market take a shot.

At the end of a previous blog post, I speculated on the possibility of an all-private military. The idea: instead of having the DOD do the work of recruiting, training, and then deploying our military personnel, the federal government could just handle the top-level strategy then hire out for troops to implement it. Unconventional? Yes. Effective? Possibly.

Currently, the U.S. army is staffed on an all-volunteer basis. People have to willingly choose to put their life on the line. That system just isn't working -- the military is facing a serious recruitment shortage. When you look at the numbers, it's obvious why:

If Bernie Madoff had a hobby... an exploration of D.O.D. accounting practices

In the news: Special Inspector General for Iraq Reconstruction says that 96% of the money from the Development Fund for Iraq cannot be accounted for. This is very different, and probably worse, than saying those funds were ineffective. Based on press releases, the Department of Defense just hasn't a clue where the money went. To further illustrate the situation, see the attached pie chart.

No one has ever accused the military of being efficient, but even with the infamous $640 toilet seat we at least knew where the money went. If there's one thing a giant bureaucracy like the D.O.D. should be good at, it's keeping paperwork. Those times seem to have changed since the Bush presidency and Iraq invasion.  

So where did those 8.7 billion dollars go? As a personal guess, we'll probably find Jimmy Hoffa before those funds are fully accounted for. However, based on the record so far, it's likely that money was eaten up by the fraud, bribery and theft which has plagued reconstruction efforts from the start. How did this problem begin?