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$3 billion accounting error means the Pentagon can send more weapons to Ukraine
AP ^
| 18 May 2023
| Staff
Posted on 05/19/2023 7:14:19 AM PDT by Red Badger
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To: Red Badger; SaveFerris; drypowder; ridesthemiles
‘replacement cost’ rather than ‘net book value’
So, they used the Walmart price rather than what it might be priced at in a garage sale. The Walmart price has some objective value. The garage sale price is a totally subjective estimate of whatever someone thinks a passerby will pay that day.
Am I really supposed to be that stupid or are they really that arrogant?
21
posted on
05/19/2023 7:39:52 AM PDT
by
Retain Mike
( Sat Cong)
To: Red Badger
22
posted on
05/19/2023 7:40:51 AM PDT
by
refreshed
(But we preach Christ crucified... 1 Corinthians 1:23)
To: Retain Mike
Yes and yes.........................
23
posted on
05/19/2023 7:42:57 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: refreshed
I wonder if the IRS would mind if I used that same accounting method...................
24
posted on
05/19/2023 7:43:42 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
Boy Howdy!
Coming from both the AP and the Pentagon, I seriously think the words “Accounting Error” should be not only be in quotes but bold & italicized.
25
posted on
05/19/2023 7:43:49 AM PDT
by
Tupelo
(A House Divided Against Itself Cannot Stand)
To: Red Badger
Yep just like three card Monte huh.
26
posted on
05/19/2023 7:57:36 AM PDT
by
Vaduz
(....)
To: Red Badger
So more weapons for Ukraine are an accounting error.
Who is getting fired over this "accounting error"
Oh wait, they are now probably being promoted for finding a way to further degrade US preparedness while seeing our weapon stocks destroyed in Ukraine.
My question is what's the new Pentagon price on an F16?. Biden's handlers reached a deal in Japan to train Ukrainian pilots.
Now the DOD doesn't need to go to congress with 3 billion found money.
The outcome of this continued escalation is easy to predict.
A shooting war with Russia so that "real socialism" can be brought back to Moscow.
I am composing a new hit song, " They dropped the bomb and the bomb won".
And how appropriate that they made this decision in Japan.
To: Retain Mike; Red Badger
Yes, because we, the taxpayers, can just pay for the more expensive item next go-around
A few trillion here, a few trillion there.....
28
posted on
05/19/2023 8:00:30 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: Red Badger
Don’t we all have $3 billion accounting errors. The US needs a major house cleaning.
29
posted on
05/19/2023 8:10:13 AM PDT
by
bgill
To: Red Badger
Just another step towards the war we are being led into.
30
posted on
05/19/2023 8:19:53 AM PDT
by
drwoof
To: drwoof
Both Russia and the US are being played by China.
Both are being weakened by this on-going war.
China will be the ultimate victor......................
31
posted on
05/19/2023 8:24:18 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: Red Badger
No doubt that they are graduates of the Jethro Bowdin school of higher mathematics (naught carry naught).
32
posted on
05/19/2023 8:42:07 AM PDT
by
FMBass
(Que sais Je)
To: Retain Mike
Am I really supposed to be that stupid or are they really that arrogant? They honestly don't care what you think. They found a way to do what they wanted and they're gonna do it, and online forum posters can suck eggs for all they care. Also, 'error' is a deliberate misdirection, it is an accounting trick.
Military equipment (materiel for the fancy) is rarely priced in a sensible way, you can't go to walmart and buy a Patriot missile, and you can put some costs to acquisition, maintenance, and disposal, but "value" is highly subjective because for a lot of this stuff there is no secondary market outside of scrap or a foreign government. it's all a racket and involves questionable contracts and political paybacks.
They probably won't even publicly release what equipment they overvalued, and what values they originally assigned or reassigned. I'd bet a lot of fully operational materiel that was pulled from active duty forces and will have to be replaced was given scrap value.
33
posted on
05/19/2023 9:41:23 AM PDT
by
jz638
To: Red Badger
“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.”
This is a scam. You can’t devalue a functioning weapon like that. Its value is what it costs to replace it. The level of corruption is unending.
34
posted on
05/19/2023 10:06:55 AM PDT
by
Revel
To: Red Badger
35
posted on
05/19/2023 10:16:17 AM PDT
by
NWFree
(Sigma male 🤪)
To: Red Badger
The Zelenskiites on here see nothing wrong with that, and probably want more money to go there.
36
posted on
05/19/2023 11:34:11 AM PDT
by
wastedyears
(The left would kill every single one of us and our families if they knew they could get away with it)
To: dennisw
You see nothing wrong with an "extra" 3 billion dollars going to some dump that we have no reason to be involved with?
37
posted on
05/19/2023 11:38:01 AM PDT
by
wastedyears
(The left would kill every single one of us and our families if they knew they could get away with it)
To: Red Badger
All that money is going to the DNC to pay for the guards at our gulags…
38
posted on
05/19/2023 6:50:25 PM PDT
by
IncPen
("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz)
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