View Full Version : 6.5 trillion unaccounted for at pentagon
cheka.
16th August 2016, 04:43 AM
dancing art students gearing up again?
http://www.activistpost.com/2016/08/audit-reveals-pentagon-doesnt-know-where-trillions-went.html
A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report by the Fiscal Times.
Joshua01
16th August 2016, 05:20 AM
This is getting a little old, isn't it? Who the fuck keeps their job with a record like the Pentagon has for losing track of funds of this magnitude? If it wasn't so tragic it would be hilarious. Can't we simply takes these people out and shoot them?
crimethink
16th August 2016, 07:16 AM
Ah, shit, the last time something like this was revealed, four airliners and a bunch of buildings went down. This is a lot bigger than what Scumsfeld admitted on 9/10/2001. Maybe a nuclear detonation this time?
crimethink
16th August 2016, 07:17 AM
This is getting a little old, isn't it? Who the fuck keeps their job with a record like the Pentagon has for losing track of funds of this magnitude? If it wasn't so tragic it would be hilarious. Can't we simply takes these people out and shoot them?
Whoever is accounting for all this is doing their job with great precision and diligence. After all, they are redirecting it, somewhere, likely "Israel" and to Black Projects (one and the same in many cases). They pulled it off this long.
aeondaze
16th August 2016, 08:12 AM
Ah, shit, the last time something like this was revealed, four airliners and a bunch of buildings went down. This is a lot bigger than what Scumsfeld admitted on 9/10/2001. Maybe a nuclear detonation this time?
Exactly what I thought when I first read the thread title...
https://s-media-cache-ak0.pinimg.com/236x/17/4e/f0/174ef0fc7c5454ceb83d210bae3efcd5.jpg
I like how when $100 goes missing from a bank and they pin it on some poor employee its either fraud or theft...but when trillions go missing at the pentagon its 'unacounted' or 'missplaced'.
Wasn't it like 2 trillion last time? I guess with all that QE and shit 6.5 trillion sounds about right...:rolleyes:
Hey, lets play a game! What sort of 'event' do they have planned for us this time that will push this little 'acounting oversight' down the memory hole?
Tactical nuke in major US city, incite a major race war across US or something simple like go to war witha pathetically helpless turd world cuntry...thoughts?
Joshua01
16th August 2016, 08:25 AM
Exactly what I thought when I first read the thread title...
https://s-media-cache-ak0.pinimg.com/236x/17/4e/f0/174ef0fc7c5454ceb83d210bae3efcd5.jpg
I like how when $100 goes missing from a bank and they pin it on some poor employee its either fraud or theft...but when trillions go missing at the pentagon its 'unacounted' or 'missplaced'.
Wasn't it like 2 trillion last time? I guess with all that QE and shit 6.5 trillion sounds about right...:rolleyes:
Hey, lets play a game! What sort of 'event' do they have planned for us this time that will push this little 'acounting oversight' down the memory hole?
Tactical nuke in major US city, incite a major race war across US or something simple like go to war witha pathetically helpless turd world cuntry...thoughts?
Between all the social programs and the stealing of another $6T by the Pentagon as well as the Clinton foundation debacle, is it any wonder the country is hemorrhaging money?
keehah
26th November 2022, 08:50 AM
thecradle.co: Pentagon fails to pass new financial audit, unable to account for over $2 trillion in assets (https://thecradle.co/Article/News/18716)
November 23 2022
The US Department of Defense has, for the fifth straight year, failed (https://www.defenseone.com/defense-systems/2022/11/pentagon-failed-its-audit-again-says-bots-could-change/379827/) to pass a financial audit (https://comptroller.defense.gov/Portals/45/Documents/afr/fy2022/DoD_FY22_Agency_Financial_Report.pdf), with only seven out of the Pentagon’s 27 military agencies receiving a passing grade.
“We failed to get an ‘A’,” Mike McCord, the Pentagon’s comptroller and chief financial officer, told reporters last week, announcing the results of the Pentagon’s fifth-ever financial audit.
“I would not say that we flunked,” he added, despite his office acknowledging that the Pentagon only managed to account for 39 percent of its $3.5 trillion in assets.
With this failure, the Pentagon has kept its spot as the only US government agency to have never passed (https://www.defensenews.com/congress/2019/11/20/pentagon-audits-secret-to-success-is-failure/) a comprehensive audit. It also highlights the US war department’s persistent lack of internal financial control, its poor budget estimations and rampant overspending...
Furthermore, in 2019 alone, the Pentagon made $35 trillion in accounting adjustments [Bloomberg: Pentagon Racks Up $35 Trillion in Accounting Changes in One Year (https://www.bloomberg.com/news/articles/2020-01-22/pentagon-racks-up-35-trillion-in-accounting-changes-in-one-year#xj4y7vzkg?leadSource=uverify%20wall?leadSourc e=uverify%20wall)] – a figure larger than the entire US economy.
c4isrnet.com: Pentagon fails audit, CFO cites Ukraine as ‘teachable moment’ (https://www.c4isrnet.com/federal-oversight/2022/11/16/pentagon-fails-audit-cites-ukraine-as-teachable-moment/)
Wednesday, Nov 16
WASHINGTON ― As the Pentagon racked up its fifth comprehensive audit failure, its chief financial officer on Tuesday said Ukraine’s fight against Russia offers a “teachable moment” for the U.S. military to accurately tally its weapons and property.
In a call with reporters to release the results of the audit, U.S. Department of Defense Comptroller Mike McCord said he told Pentagon personnel to envision U.S. troops in the position of their Ukrainian counterparts — dependent on precise tracking of their arsenals.
“To me its a really great example of why it matters to get this sort of thing right, of counting inventory, knowing where it is and knowing when it is [arriving],” he said...
“The process is important for us to do, and it is making us get better. It is not making us get better as fast as we want.”
The Pentagon launched its first-ever independent financial audit in 2017 and has yet to pass one. Observers have said that process could mirror the 10-year climb the Department of Homeland Security took, and achieve a clean audit in 2027...
He credited the DoD’s broader use of Advana, its big-data platform for advanced analytics and the growing use of automated processes, or bots.
midnight rambler
26th November 2022, 10:07 AM
The Money Powers have found the perfect black hole...
Down1
27th November 2022, 05:47 AM
The Pentagon launched its first-ever independent financial audit in 2017 and has yet to pass one.......
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