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 ...
“$6.5 Trillion? America is being looted and pillaged.”
Exactly.
Socialism Is Legal Plunder - “The Law”; Frederic Bastiat
http://bastiat.org/en/the_law.html
6. But the grand nostrum will be a public debt…
11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.
Rules for Radicals? No, Rules for Changing a Limited Republican Government into an Unlimited Hereditary One
http://www.constitution.org/cmt/freneau/republic2monarchy.htm
DEFUND socialist collectives, foreign and domestic. DEPOPULATE socialists, their enablers, their sycophants from the body politic.
C’mon November
hold on a minute my hat is at the wrong angle to receive the messages....
This makes me sick. Where I work, we have two sets of auditors come in at 6 months and end year. Annually we have Medicare auditors who come in and audit, they also bring a technical auditor who reviews our reporting systems for accuracy, fraud, etc.
7 trillion dollars and no accounting of where it went. I hope Trump makes changes when he gets in-
Check Riyadh.
Have they looked in Hillary basement or offsite computer server site?
The missing money has been skimmed by various, and assorted politicians from all over the country I would bet on it. Defense has the most open major contracts of all the departments, and once a contract is opened, it becomes fair game for the skimming.
This is, besides the inside information for the stock market why so many go into politics as regular folks, and come out as millionaires.
As my liberal sister in law said, “We don’t know where it went, but we do where it came from.”
Let's say your unit needs a $1000 tool kit. You go to the base support store and order one. The tool kit is shipped to your unit and you place it one your records. Dollars to donuts, that $1000 tool kit isn't "properly accounted for."
When you placed the order, an electronic requisition was made, but since it was sent to your work place, there was no electronic record that it arrived. Your unit has a copy of the order, the unit has the bill of laden that it arrived and your unit records show it was placed on the property book. But the rules require that if the transaction started electronically, all accountability steps are electronically placed.
Our most responsive systems do not have a receipting process in place when the item is shipped to the unit. The obvious solution is to have the tool kit arrive at the store and a unit representative has to pick it up. But why waste our time? And most of the stores do not have the space nor the people to properly manage all of those out of store orders. Also, think of the waste in man hours and transportation needed to pick up every order that arrives at a base.
Additionally, since the software systems were designed a decade or more ago, there is no module for access outside of the close loop system (net security), that allows the units to sign for the material when it arrives. Nor will the software security guys let you create a unit level access point.
This is just a very simple example of a complex set of "accounting rules" that makes it sound like no one was watching what they were doing.
The rules are set up for a perfect world where everybody has boundless time, material is readily available, and the mission comes secondary to accountability.
I'll give you another example. In 2005, we had a unit that was heading to Iraq. They need reflective cloth tape. The supply system had that item on "backorder for 2 months. The unit did not have two months so they, took their Government credit card and bought about $200 worth of reflective cloth tape from the post exchange (PX) "Outdoors Department." At the next audit, the auditor went ballistic, because the PX "Outdoors Dept" also sold ammunition. And even though the unit had the receipt that showed reflective tape, it could not be proven that the receipt was not fake and the unit could have bought ammunition. Of all of the things that we were short of in theater, ammunition was not one of them. In a way it was a blessing that the auditor went crazy over the reflective cloth, because it showed to anyone with half a brain, that the auditor was trying to create hysteria. But sure enough, when I looked at the final report, even after the unit rebuttal, the inspector's report stated that a possible ammunition violation occurred.
Sometimes we are our own worst enemy. I am guessing that a full audit has not occurred because the Army knew they could either do audits (which require an untold amount of time at all levels) with poor results or try to fix the problem. The full audit is going to occur in FY2017 (Oct 2016-Sep 2017). The services have spent untold millions of dollars trying to get their systems in compliance and still meet mission and will probably fail the audit, but it will get better.
Oh yeah, remember that the same people that write these stories are the same people that write about assault rifles.
In other words, they have not accounted for the funds for the last 16 - 20 years. They are not going to do a proper accounting because it is cover for the hundreds of billions spent on black programs and other illegalities. I guess the “airplane crashing into the Pentagon” didn’t do the trick of getting rid of the inquiry.
Fortunately, everyone else who could be a peer competitor is worse off, with China already approaching a combined demographic, economic, and financial crisis that will make predictions of a "Chinese Century" laughable. Russia is a malignant gangster state that also faces a demographic crisis and a crisis in legitimacy when Putin passes from the scene. Due to the demographic waning of the native population and uncontrolled immigration, Europe will be in civil disorder within a decade.
..... I know it is easy to call this irresponsible and absolute ineptness .... But I think it is entirely possible that this money may have been creatively channeled by this administration, without the knowledge of many, into other more important deep pockets of financial Obama supporters for future Anti American operations.
.... After all .... The enemy seems to be running this country ....
I detest the govt establishment...
the only solution is to avoid taxes as much as possible, legally.....get off the tax grid because it is certainly clear that nobody in govt cares where my work taxes go..
Aren’t the House Republicans supposed to be in charge of this?
For 3.5 years....I worked in a Pentagon agency and was the credit card guy, and I worked closely with the budget gal of the organization.
Down to the last nickel, I could tell you all of the actions of the unit’s credit card and how it was spent. The budget gal could tell you down to the last nickel how the travel budget was spent, on the 150-odd authorized trips by unit people over the year.
So, I don’t really buy any of this “we don’t know garbage”. I do admit, in the technology development area....which is always classified and rarely controlled....there might be issues. But the other 90-percent of the military...people know what cash existed and how it was spent. Course, you probably don’t want to know that the Army bought 300 flag-poles in 2015, or bought 17,000 hammers.
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