Posted on 05/19/2023 7:14:19 AM PDT by Red Badger
WASHINGTON (AP) — The Pentagon has overestimated the value of the weapons it has sent to Ukraine by at least $3 billion — an accounting error that could be a boon for the war effort because it will allow the Defense Department to send more weapons now without asking Congress for more money.
The acknowledgment Thursday comes at a time when Pentagon is under increased pressure by Congress to show accountability for the billions of dollars it has sent in weapons, ammunition and equipment to Ukraine and as some lawmakers question whether that level of support should continue.
It also could free up more money for critical weapons as Ukraine is on the verge of a much anticipated counteroffensive — which will require as much military aid as they can get. Ukrainian President Volodymyr Zelenskyy has previously said the offensive was delayed because they did not yet have everything they needed.
The error was caused when officials overvalued some of the systems sent to Ukraine, using the value of money it would cost to replace an item completely rather than the current value of the weapon. In many of the military aid packages, the Pentagon has opted to draw from its stockpiles of older, existing gear because it can get those items to Ukraine faster.
“During our regular oversight process of presidential drawdown packages, the Department discovered inconsistencies in equipment valuation for Ukraine. In some cases, ‘replacement cost’ rather than ‘net book value’ was used, therefore overestimating the value of the equipment drawn down from U.S. stocks,” said Pentagon spokeswoman Sabrina Singh.
(Excerpt) Read more at 12ft.io ...
How many homeless americans can be fed with 3b? 👍🏻
Are all the DC crooks getting their 10%?
[The Pentagon has overestimated the value of the weapons it has sent to Ukraine by at least $3 billion — an accounting error that could be a boon for the war effort because it will allow the Defense Department to send more weapons now without asking Congress for more money.]
They must have used a Willard, rather than a Wizard.
More AP BS propaganda
I have done accounting since 1957 at age 17 at Kroger Offices.
Worked at Oscar Mayer-—Shell Oil—IGA-—Snap On-—American Motors-—Coopers (Jockey)—Universal-MCA Records and for many small businesses.
Did Bank Reconciliations on 14 bank accounts at MCA-—EVERY MONTH—TO THE PENNY-—
CANNOT even fathom such an ‘accounting error’.
Still doing accounting....
How many Veterans could be give better health care with $3B...................
I have done accounting since 1957 at age 17 at Kroger Offices.
Worked at Oscar Mayer-—Shell Oil—IGA-—Snap On-—American Motors-—Coopers (Jockey)—Universal-MCA Records and for many small businesses.
Did Bank Reconciliations on 14 bank accounts at MCA-—EVERY MONTH—TO THE PENNY-—
CANNOT even fathom such an ‘accounting error’.
Still doing accounting....
NOW 83.
Is there a single general that has the testicular fortitude to speak against sending arms to Ukraine? For every weapon and every round of ammo sent to Ukraine, the U.S. military is made weaker.
A billion here, a billion there....................
[How many homeless americans can be fed with 3 billion? 👍🏻]
How silly of you to expect American tax dollars to be used for American tax paying citizens.
America Last.
Americans Last.
We just get the bill for everything. It’s our job.
“In some cases” that added up to $3 billion?? Waste, fraud and abuse is alive an well.
It’s what they do!!
And isn't it great that we've solved all of our Veterans Administration issues.
And paid $100,000 for it
It’s sort of like finding a $20 bill under a sofa cushion.
In your neighbor’s sofa.........................
Good for Ukraine! And never be a stooge for Russian imperialism. The Rooooskys are idiots who F everything up. How soon before China makes moves on gas fields in the Russian far east. That is thinly populated.
Why pay stupid, vodka swilling Russians for this gas? The pipeline is there. Just invade and take it. There was going to be a second larger — Power of Siberia— pipeline to China that is not being built. Can you guess why?
If we actually had a functioning Office of Management and Budget they could not get away with this graft. Somebody should go to jail.
“It’s sort of like finding a $20 bill under a sofa cushion.”
That is nuffin compared to the folded up (so inconspicuous) ten dollar bill I found on the local athletic field in January
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