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Black Budget

The American Express black card is a symbol of the American dream that glorifies the use of credit cards. Using a credit card is a common thing in the US and the average American has about $7,000 to $15,000 in credit card debt.

 

Credit card debt is a dangerous trap that is hard to get out of with high interest rates and revolving payments. Nearly half (47%) of U.S. adults, or about 120 million people, currently have credit card debt.  Similarly, the US government is also known to have special funds allocated to secret military operations which is called the "Black Budget".   

 

A black budget or covert appropriation is a government budget that is allocated for classified or other secret operations of a nation. The black budget is an account expenses and spending related to military research and covert operations. The black budget is mostly classified because of security reasons. The black budget can be complicated to calculate, but in the United States it has been estimated to be over US$50 billion a year, taking up nearly 10 percent of the US$700 billion American defense budget.

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1. CNBC

2. Wikipedia