Posted on 03/27/2017 12:18:33 PM PDT by blueyon
Over a mere two decades, the Pentagon lost track of a mind-numbing $10 trillion — that’s trillion, with a fat, taxpayer-funded “T” — and no one, not even the Department of Defense, knows where it went or on what it was spent.
Even though audits of all federal agencies became mandatory in 1996, the Pentagon has apparently made itself an exception, and — fully 20 years later — stands obstinately orotund in never having complied.
Because, as defense officials insist — summoning their best impudent adolescent — an audit would take too long and, unironically, cost too much.
(Excerpt) Read more at joemiller.us ...
I know a guy who works at the DOD as an auditor. He shows up and gets awards for “finding and saving” millions.
You can tell from the first line that this is wrong. That would be $500 billion a year. The current defense budget is only around $600 billion. $10 trillion is more than the whole defense budget for the past 20 years. They might be losing track of a lot of money. But they are not losing track of every cent they get.
Ten-thousand-billion dollars missing from the DOD, but everyone agrees that 15 billion is just too much to spend on a wall.....
bkmk
If you laid one trillion dollars end to end, they would reach the Sun and back again
Check Hillary’s pockets.
That’s right. That’s a lot of money. That sounds like most of what had been appropriated to the DOD. Hopefully sloppy accounting.
How do they know it was lost, and how do they know how much?
I think it is because since the law passed that they had to pass an audit yearly, they have failed to comply with the law every single year because they lack basic management and accounting controls. Therefore, nothing they spend has been ‘accounted for’ because it is not verifiable.
We have spent around 10 trillion dollars over that time btw on the military. That’s where the number comes from.
.... and we rarely had an answer.
The reason they don’t want a honest president, they don’t want to lose their tax payer piggy bank.
My NSA buddies say it is one of the best chicken dishes they have ever had!
Did they lose some? Probably. Did most of it go to bribes and black ops? Probably.
Thank you for the good laugh!
Takes a lot of money to spy on a population of 330 million.
And how much was wasted, in the past 20 years, on Gibsmedat programs?
We may have a thorough accounting of the redistribution of wealth, but it’s still utterly wrong.
Senator Robert Kinsey might know?
Underground cities?
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