Posted on 08/09/2016 5:46:39 PM PDT by Lorianne
Despite a 1996 law requiring all federal agencies to conduct regular spending audits, the Pentagon has so far failed to conduct a single one. While US lawmakers have pressed the DoD to comply by September of 2017, a new inspector general’s report indicates that meeting this deadline is highly unlikely.
Army and Defense Finance and Accounting Service Indianapolis personnel did not adequately support $2.8 trillion in third quarter adjustments and $6.5 trillion in year-end adjustments made to Army General Fund (AGF) data during FY 2015 financial statement compilation," the report reads.
In common language, the Pentagon has no idea how it spent nearly $7 trillion.
(Excerpt) Read more at sputniknews.com ...
Ft. Benjamin Harrison, Indianapolis, is the accounting dept. for the DOD. Once upon a time, the second largest building after the Pentagon in the US military world.
GMTA
Ask the Muslim living in our White House where the money went.
Yep.
Been there.
It’s right there with Hillary’s Rose Law Firm billing records.
The tunneling machine was replaced by Stargate technology years ago.
$6.5 Trillion accounting error? This is why Trump scares the hell out of them.
I guess we’re back to the day’s of a $1,000,000 hammer,
I wonder what a bank would do if I claimed to be a millionaire, just didn’t know where it was, and still wanted to take out a loan?
They probably built a few SR74’s that go mach 16 while being carried by an SR 75 to 80k at 3000 and then dropped.
Read Michael SAla,learn whats really out there.
shape is different....
ping
Black projects are funded by CIA slush funds and direct funding from the treasury beyond congress.
Lol, don't you be keeping me up at night...
That’s why Hillary wants to raise taxes on the middle class. They can loose money better than we can.
There have been rumors for the past few years about the US Space Force and two spaceships, the USS Jefferson and the USS Lewis & Clark.
I don’t believe this. Billion? Likely. Trillion? I don’t think so.
I remember seeing a report on this years ago showing the unaccounted funds for all departments.
HHS was by far the largest offender w/40% of its budget unaccounted for. DoD was <10%.
When money and assets go missing, accounting and retrieval systems go into effect to track them down. Waste and poor management may be common, but outright theft is rare. And it should be noted that the article source -- Sputnik -- is part of the Kremlin's propaganda effort. Exaggerating problems and undermining confidence in the US military in a key objective for them.
Trillions cannot be accounted for?
>>>>>>ISIS seems to have all the mullah they need.....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.