GAO finds another $2B in military aid for Ukraine

UPI News ^ | Darryl Coote

[House Atreides]

Miscalculations in the value of weaponry the United States has sent to Ukraine has again been uncovered, increasing the Pentagon's purse to supply its besieged ally by another $2 billion.

At more than $53 billion in military assistance, the United States is by far Ukraine's largest backer in its two-year war against Russia.

Last year, the Pentagon notified Congress that it had overvalued some of the defense articles it sent to Ukraine by about $6.2 billion. Because of this miscalculation, the Government Accountability Office was directed by Congress through the passing of the omnibus Consolidated Appropriation Act spending bill late last year to audit funds appropriate to support Ukraine.

The GAO report was published Thursday identifying "additional reductions in values" totally nearly $2 billion….

… The GAO said in explanation that several of the items given to Ukraine were past their normal operating life, meaning they had a value of zero dollars but they were recorded at a cost greater than that.

For example, the United States provided Ukraine with 10 vehicles it valued at $7 million. However, the book value of each vehicle was zero, meaning that there was $7 million for an additional drawdown authority.

[House Atreides]

Jeez, the Biden/Harris administration was searching under the government’s couch cushions and found another $2 billion it can give Ukraine. What a surprise.

[rovenstinez]

I wonder if they found the money close to the bag of cocaine left at the White House.

[Seaplaner]

Just imagine if that more than $53 Billion were used to complete and strengthen OUR UNITED STATES BORDER, (and if it were an order of magnitude greater of a priority.)

[Mount Athos]

[Governor Dinwiddie]

Balls of brass. Truth goes out the window. They brazenly insult us with any lie that they can fabricate, no matter how implausible.

[ConservativeMind]

I’m about at the point where I yell over this Ukraine spending.

THIS MUST STOP!

[Trumpisourlastchance]

The US is bankrupt and pouring more of its debasing currency units into that corrupt, collapsing black hole.

[DesertRhino]

How many Bf-109s will that buy for the eastern front?

[LegendHasIt]

Seems like every month or two, they find a couple billion more dollars of ‘accounting errors’ that they can more easily correct by shipping it to Zelenskyy instead of changing the entry in their ‘Quicken program’.

[Democrat = party of treason]

Yea, like we believe ANYTHING the government or MM says...

[rxh4n1]

” However, the book value of each vehicle was zero, meaning that there was $7 million for an additional drawdown authority.”

This is insane. Only the government would consider a weapon that is still operable and can still do damage to the enemy to have no value.

[ronnie raygun]

Another load of wash for the laundry machine, we might not be here very long

[CarolinaReaganFan]

If not so sad this would be funny.
Does Joe get 10% again?

[Mathews]

We pay way too much in taxes if our government can loose 2 billion tax payer dollars, “find it,” and then give it away to find a proxy war no one wants to fight.

Ridiculous.

[Svartalfiar]

This is insane. Only the government would consider a weapon that is still operable and can still do damage to the enemy to have no value.

Book value. Lots of companies do similar stuff when assets depreciate out. Yes, they still have real value, but from an accounting perspective, they're zeroed out. So why not give the to the Border Patrol?