Table of Contents
 
Abstract 
About the Author   
Introduction 
Birth of the Black Budget  
Legal and Congressional Efforts to Disclose the CIA’s Black Budget  
HUD’s Missing Money, Catherine Fitts, Hamilton Securities and the CIA    
The Ultimate Beneficiary fot he CIA ‘Black Budget’: The Intelligence
Community and the Second Manhattan Project
Organized Crime, Drugs, and the CIA

Estimating the Size of the CIA’s ‘unofficial’ Black Budget

Table 2. Department of Defense (DoD) – Unsupported Accounting Entries 1998-2003
Conventional Oversight System for the CIA’s and DoD’s Classified Programs
Oversight of the CIA’s ‘Unofficial’ Black Budget & Manhattan II
Conclusion  
Endnotes      


 
ABSTRACT
 

This report examines the existence of a CIA ‘black budget’ and an extensive network of ‘deep black projects’ that it funds. The report identifies the legal framework established by the US Congress for the creation of a CIA ‘black budget’ from the appropriations earmarked for other federal agencies that are siphoned through the CIA as the sole conduit of black budget funds. The report investigates the legal challenges to the constitutionality of the CIA’s black budget; how the CIA uses its legal authority to extract appropriations from government agencies such as HUD; how the CIA launders non-appropriated money through other federal agencies; and the efforts the CIA goes to prevent these financial transfers from being exposed.  Using as a case study the legal difficulties faced by an innovative mortgage finance company, Hamilton Securities, the report will argue that the CIA’s covert role in Hamilton’s demise is compelling evidence that the CIA was involved in funding irregularities in HUD. It will be finally argued that the size of black budget, the secrecy surrounding it, the extent senior officials in Federal agencies go to targeting individuals and companies that threaten to reveal where congressional appropriations are ultimately going, suggest a vast number of ‘deep black projects’ that collectively form a highly classified second Manhattan Project whose existence, goals and budget are kept secret.

About the Author
 
Dr. Michael E. Salla has held academic appointments in the School of International Service, American University, Washington DC (1996-2001), and the Department of Political Science, Australian National University, Canberra, Australia (1994-96). He taught as an adjunct faculty member at George Washington University, Washington DC., in 2002. He is currently researching methods of Transformational Peace as a ‘Researcher in Residence’ at the Center for Global Peace/School of International Service, American University (2001-2004), and directing the Center’s Peace Ambassador Program. He has a PhD in Government from the University of Queensland, Australia, and an MA in Philosophy from the University of Melbourne, Australia. He is the author of The Hero’s Journey Toward a Second American Century (Greenwood Press, 2002); co-editor of Why the Cold War Ended (Greenwood Press, 1995) and Essays on Peace (Central Queensland University Press, 1995); and authored more than seventy articles, chapters, and book reviews on peace, ethnic conflict and conflict resolution. He has conducted research and fieldwork in the ethnic conflicts in East Timor, Kosovo, Macedonia, and Sri Lanka. He has organized a number of international workshops involving mid to high level participants from these conflicts. He has a website at

Full Article http://www.american.edu/salla/