And yet — according to the Inspector General of the U.S. Department of Defense — many billions, and sometimes even trillions, of dollars, in the Department’s periodic financial reports, are not documented. What has happened to the taxpayers’ money is unknown — it’s missing (alleged to have been spent, but to payees unidentified). "We determined that 236, totaling $2 trillion, of the 263 third quarter JV adjustments in our sample, and 170, totaling $2.1 trillion, of the 194 yearend JV adjustments in our sample, were in fact unsupported.” http://www.dodig.mil/IGInformation/IGInformationReleases/DoDIG_Testimony_Final%20(HOGR-20110923).pdf STATEMENT OF ROBERT J. LIEBERMAN ASSISTANT INSPECTOR GENERAL DEPARTMENT OF DEFENSE BEFORE THE TASK FORCE ON DEFENSE AND INTERNATIONAL RELATIONS HOUSE BUDGET COMMITTEE ON DEPARTMENT OF DEFENSE FINANCIAL MANAGEMENT Report No. D-2000-167 DELIVERED: July 20, 2000 "The audits of the FY 1999 DoD financial statements indicated that $7.6 trillion of accounting entries were made to compile them. This startling number is perhaps the most graphic available indicator of just how poor the existing systems are. The magnitude of the problem is further demonstrated by the fact that, of $5.8 trillion of those adjustments that we audited this year, $2.3 trillion were unsupported by reliable explanatory information and audit trails or were made to invalid general ledger accounts. About $602.7 billion of accounting entries were made to correct errors in feeder reports." Investigative historian Eric Zuesse is the author, most recently, of They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST'S VENTRILOQUISTS: The Event that Created Christianity. [premium_newsticker id=”154171″]
According to the Inspector General of the U.S. Department of Defense — many billions, and sometimes even trillions, of dollars, in the Department’s periodic financial reports, are not documented. What has happened to the taxpayers’ money is unknown — it’s missing (alleged to have been spent, but to payees unidentified).
Trillions of Dollars in U.S. Military Spending Is Unaccounted-For
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Investigative historian Eric Zuesse is the author, most recently, of They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST'S VENTRILOQUISTS: The Event that Created Christianity. [premium_newsticker id=”154171″]
About the author
According to the Inspector General of the U.S. Department of Defense — many billions, and sometimes even trillions, of dollars, in the Department’s periodic financial reports, are not documented. What has happened to the taxpayers’ money is unknown — it’s missing (alleged to have been spent, but to payees unidentified).
This is actually an old story. On September 10, 2001, Donald Rumsfeld held a news conference in which he said that $2.3 trillion was missing. Fortunately there was an office at the Pentagon that was investigating this. Unfortunately, the “airplane” that flew into the Pentagon the very next day by an amazing coincidence made a direct hit on their offices. There was testimony by the Comptroller General at the time and by another inspector general in the years 2002 and 2003 (forget which), which stated that the Department of Defense has a culture which ‘inhibits sound financial management and accountability’.… Read more »
Read more: https://canadianviews-ymo.ca/the-self-inflicted-chaos-of-our-times/