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"now ain't that some shit"

May I Suggest "cluster fuck".

"Fucked" is another option. The US wastes so much money on the military, but that all gets funneled to contractors and the enlisted soldiers get fucked.

or SNAFU? Situation normal - all f**ed up

Just off the Alaska Highway in BC there are two lakes right next to each other, officially named "SNAFU" and "TARFU" by the military back in the day when they built the road. They're great places to camp and canoe.

Is this a reference to that one movie?

No. Doesn’t begin to describe it. Need something much stronger.

Consider the fact that the US military fleeces taxpayers to the tune of Elon Musk's entire net worth every 10 weeks; I'm fine with consensually subsidizing that a bit from the incomes of those who explicitly opted in to participating in it.

They've actually double opted in: first to join up, and second to put money in the slot machine. Let them pay for it.