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Has Our Government Spent $21 Trillion Of Our Money Without Telling Us?
Forbes ^ | Dec 8 - 2017 | Laurence Kotlikoff

Posted on 12/17/2017 4:24:54 PM PST by free_life

“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution

On July 26, 2016, the Office of the Inspector General (OIG) issued a report “Army General Fund Adjustments Not Adequately Documented or Supported”. The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments. According to the GAO's Comptroller General, "Journal vouchers are summary-level accounting adjustments made when balances between systems cannot be reconciled. Often these journal vouchers are unsupported, meaning they lack supporting documentation to justify the adjustment or are not tied to specific accounting transactions…. For an auditor, journal vouchers are a red flag for transactions not being captured, reported, or summarized correctly."

Long article at link.

(Excerpt) Read more at forbes.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 21trillion; defense; dod; missingfunds; obama; trump
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Trump administration calls for first ever audit.

more links

http://msutoday.msu.edu/news/2017/msu-scholars-find-21-trillion-in-unauthorized-government-spending-defense-department-to-conduct/

http://investmentwatchblog.com/29-trillion-dollars-missing-from-pentagon-trump-calls-for-audit/

https://www.infowars.com/29-trillion-missing-from-pentagon-dod-announces-audit-under-trump/

1 posted on 12/17/2017 4:24:54 PM PST by free_life
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To: free_life

http://msutoday.msu.edu/news/2017/msu-scholars-find-21-trillion-in-unauthorized-government-spending-defense-department-to-conduct/

http://investmentwatchblog.com/29-trillion-dollars-missing-from-pentagon-trump-calls-for-audit/

https://www.infowars.com/29-trillion-missing-from-pentagon-dod-announces-audit-under-trump/


2 posted on 12/17/2017 4:26:13 PM PST by free_life (If you ask Jesus to forgive you and to save you, He will.)
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To: free_life

Yes. Next question.

Obama was probably not the first but he was the boldest in flat out channeling reward money to those who support him. The IRS crushes republicans while the gov coffers fuel liberal efforts. Oh they had all that money and couldn’t do anything coherent. Well, time to document who took what. Trump was REALLY not supposed to win.


3 posted on 12/17/2017 4:26:47 PM PST by ransomnote
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To: free_life

“You don’t think they actually spent $500 on a hammer do you?”

Julius Levinson, “Independence Day,” where Area 51 & alien bodies are revealed.


4 posted on 12/17/2017 4:27:58 PM PST by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: free_life

Check under the couch cushions.

You know with 21 trillion in debt none fit’s getting repaid anyway.


5 posted on 12/17/2017 4:29:33 PM PST by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
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To: free_life

They are not spending our money whatsoever. Nada.

They spent that a LONG time ago. Today, they are not even spending our kids money... they are busy spending our great-great-great-great grandkids money though.


6 posted on 12/17/2017 4:37:57 PM PST by C210N (It is easier to fool the people than convince them that they have been fooled)
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To: free_life

The embezzlement is huge with this Barry Soetoro . . . I’m sure it is how he is able to afford his vacation home in Dubai.


7 posted on 12/17/2017 4:39:35 PM PST by Pilgrim's Progress (http://www.baptistbiblebelievers.com/BYTOPICS/tabid/335/Default.aspx D)
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Odungo stole half of it and he’s still using it to destroy the US...


8 posted on 12/17/2017 4:39:36 PM PST by Doogle (( USAF.68-73..8th TFW Ubon Thailand....never store a threat you should have eliminated)))
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To: free_life

All appropriations and taxes originate in the House of Representatives. The senate must rectify any differences and the President can sign or veto the bill. Any deficits are financed though the sale of treasury bonds.

The overall deficit can grow over time and interest must be paid out of the budget. No one person is responsible for the 20+ trillion deficit even though the President has the final say.


9 posted on 12/17/2017 4:39:47 PM PST by DownInFlames
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To: LS

That movie had some great lines in it


10 posted on 12/17/2017 4:44:37 PM PST by al baby (May the Forceps be with you Hi Mom Its a Joke friends)
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To: C210N

Current trump admin thinking is that if they can juice growth to 5-6%annually for a decade of so —it will fund the boomers SS retirement


11 posted on 12/17/2017 4:45:56 PM PST by ckilmer (q e)
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To: free_life
Might be worse than that. Much of it in black ops. They can do anything they want off the books, worse than citizens who work for cash and don't report it. JMHO.

Remember Donald Rumsfeld on 9/10 announcing the 2 trillion missing from the Pentagon? Next day the accounting office is hit by what I'm still not convinced, and all the records destroyed.

I don't even understand why Rumsfeld chose to tell us about it; we'd have been none the wiser unless it was going to come out soon anyway, and then 9/11.

Good for Trump. They will find some other way to hide what they can. If they can. I'm convinced most of them have nothing but contempt for American citizens whether they pay into the system or not. Soon into it, government employees high or low, start seeing themselves as above the common man and disregard they they are public servants. Probably some exceptions.

12 posted on 12/17/2017 4:46:25 PM PST by Aliska
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To: free_life

When Emperor Barack I demanded that airplanes fly pallets of cash totaling billions to Iran in the middle of the night without permission from Congress, even the stupidest Americans should have known that such a thing was not legal. If President Trump’s plan to have 4-5% growth fails, the $21 Trillion that has been put on the nation’s credit card can never be repaid, and the USA will be busted.


13 posted on 12/17/2017 4:46:48 PM PST by txrefugee
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To: free_life

It’s not:

Americanization of Mexicans.

Rather it’s:

Mexicanization of Americans.


14 posted on 12/17/2017 4:47:21 PM PST by gaijin
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To: ransomnote

bttt


15 posted on 12/17/2017 4:47:22 PM PST by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: LS

Those pricey hammers exist. While waiting for a bid on a door at the local lumber yard I saw a hammer that I thought my carpenter husband might like. It was hundreds of dollars. Decided that his regular hammer will suffice.


16 posted on 12/17/2017 4:52:25 PM PST by NorthstarMom
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To: free_life

“The Clintons are not accused of any wrongdoing”.


17 posted on 12/17/2017 4:53:39 PM PST by Karl Spooner
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To: free_life

Obummer slush fund for payments to Iran, Acorn, and sundry other mohammedan and/or commie projects?


18 posted on 12/17/2017 4:54:58 PM PST by SharpRightTurn (Chuck Schumer--giving pond scum everywhere a bad name.)
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To: free_life

Since 1998.

Clinton, Bush and Obama


19 posted on 12/17/2017 4:57:47 PM PST by airborne (I don't always scream at the TV but when I do it's hockey playoffs season!)
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To: free_life

The Democrats stole trillions of dollars in the years of Clinton and Pbama, TRILLONS$$$


20 posted on 12/17/2017 4:59:45 PM PST by stockpirate (REPRESSION BREEDS VIOLENCE)
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