Yorbing Staff, Dec 13, 2018
Money is stashed away in secret places in the Pentagon, sometimes at $100billion, that means some individuals in the military swim in hot cash. The money is supposed to go to salary increases and strategies like nuclear buildups. That bitter sequestration law is supposed to limit spending by $650billion to a whooping $750billion-800billion, knocking down a $100billion. U.S. doesn’t have any responsibility to any body and the bills keep getting bloomier and bloomier with some kickbacks of course. The Account books are riddled with irregularities and loopholes – missing cashes anybody? The Audit failed miserably yet there’s no accountability. There are many secret funds -siphoning money away, and said diplomatically, to mask the blatant stealing. The politicians and their cronies deliberately mismanage the funds to hide sinful stealing. The Budget Office must be investigated.
Forbes, Dec 8, 2018
An appendix to the July 2016 report shows $2 trillion in changes to the Army General Fund balance sheet due to unsupported adjustments. On the asset side, there is $794 billion increase in the Army’s Fund Balance with the U.S. Treasury. There is also an increase of $929 billion in the Army’s Accounts Payable. This information raises additional major questions. First, what is the source of the additional $794 billion in the Army’s Fund Balance? This adjustment represents more than six times appropriated spending. Second, do these transfers represent a flow of funds to the Army beyond those authorized by Congress? Third, were these funds authorized and if so when and by whom? Fourth, what is the source of these funds? Finally, the $929 billion in Accounts Payable appears to represent an amount owed for items or services purchased on credit. What entities have received or will receive payment?
According to the Department of Defense Inspector General and the Defense Finance and Accounting Service, $21 Trillion in Taxpayer Funding Is Unaccounted For.
To help people comprehend the scale of this, $1 Trillion is $1000 Billion. This means that $21,000 Billion in taxpayer money has gone missing.
Congress and the Pentagon annually report and hold hearings on (Department of Defense) DOD’s lack of financial accountability and sometimes enact new laws, but many of the new laws simply permit the Pentagon to ignore the previous ones; others are eyewash.