In this fully illustrated presentation, Michael Schratt (military aerospace historian) examines the evidence which supports the existence of a vast and expansive Black Budget. Through the use of newspaper articles, peer reviewed publications and congressional budget reports, the structure of a complex series of classified aerospace assets, secret bases and fraudulent government spending are revealed. Topics to be covered include: The Reagan military build-up. Classified Codenames, aerospace contractor locations, outrageous CIA spending, fraud/waste and abuse in government spending. Also to be covered are specific examples of classified aircraft programs which were paid for by the American taxpayer, yet have no congressional oversite or public scrutiny.