Audit Reveals The Pentagon Doesn't Know Where $6.5 Trillion Dollars Has Gone
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Posted by George Freund on August 8, 2016 ~ hehe can you say "the hidden breakaway civ." that IS
si·phon ~ing ?harvesting THIS PLANET ... (where's the "bail~out $$$) where IS ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL the $$$ folks ? HUH ? ...
1 day before 9/11 – 2.3 Trillion $ Missing from DOD
Submitted by IWB, on August 1st, 2013,http://investmentwatchblog.com/1-day-before-911-2-3-trillion-missing-from-dod/
September 10th 2001 Secretary of Defense of the USA declared war on
the Pentagon bureaucracy over an alleged $2.3 trillion in unaccounted
for funds on expenses, the next day 9/11 happened and the previous day’s
headlines were over-shadowed by the start of the Bush administration’s
modern-day crusade the ‘War on Terror’ supported by the mythical
‘Coalition of the Willing’ in search of ‘Weapons of Mass Destruction’
and ‘Taliban fighters’ the $2.3 trillion was later quietly ‘found’ to
have just been a computer error… Investigate 9/11 Anthony Antonello asks Donald Rumsfeld if he ever found that missing $2.3 Trillion http://www.youtube.com/watch?v=_PN0Y_… Congresswoman Cynthia McKinney Grills Donald Rumsfeld on 9/11 and More http://youtu.be/aPFYFYMRg3w
known unknowns http://www.youtube.com/watch?v=_RpSv3…
ˈsīfən/
verb
gerund or present participle: siphoning
Origin
late Middle English: from French, or via Latin from Greek siphōn ‘pipe.’ The verb dates from the mid 19th century.
Translate siphoning to
Use over time for: siphoning
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AUGUST 8, 2016
By Jay Syrmopoulos
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.
The Pentagon, which has been notoriously lax in its accounting practices, has never completed an audit, would reveal how the agency has specifically spent the trillions of dollars allocated for wars, equipment, personnel, housing, healthcare and procurements allotted to them by Congress.
Beginning in 1996 all federal agencies were mandated by law to conduct regular financial audits. However, the Pentagon has NEVER complied with that federal law. In 20 years, it has never accounted for the trillions of dollars in taxpayer funds it has spent, in part because “fudging” the numbers has become standard operating procedure at the Department of Defense, as revealed in a 2013 Reuters investigation by Scot Paltrow.
According to the report by the Fiscal Times:
An increasingly impatient Congress has demanded that the Army achieve “audit readiness” for the first time by Sept. 30, 2017, so that lawmakers can get a better handle on military spending. But Pentagon watchdogs think that may be mission impossible, and for good reason…
The Defense Finance and Accounting Service (DFAS), the behemoth Indianapolis-based agency that provides finance and accounting services for the Pentagon’s civilian and military members, could not provide adequate documentation for $6.5 trillion worth of year-end adjustments to Army general fund transactions and data.
The DFAS has the sole responsibility for paying all DOD military and personnel, retirees and annuitants, along with Pentagon contractors and vendors. The agency is also in charge of electronic government initiatives, including within the Executive Office of the President, the Department of Energy and the Departing of Veterans Affairs.
While there is nothing in the IG’s report specifying that the money has been stolen, the mere fact that the Pentagon can’t account for how it spent the money reveals a potentially far greater problem than simple theft alone.
For every transaction, a so-called “journal voucher” that provides serial numbers, transaction dates and the amount of the expenditure is supposed to be produced. The report specifies that the agency has done such a poor job in providing documentation of their transactions, that there is no way to actually know how $6.5 trillion dollars has been spent. Essentially, the government has no way of knowing how the Pentagon has spent the trillions of taxpayer dollars allocated by Congress for national defense.
In turn, employees of the DFAS were routinely told by superiors to take “unsubstantiated change actions” commonly referred to as “plugging” the numbers. These “plugs” – which amounted to falsifying financial records – were then used to create the appearance that the military’s financial data matched that of the U.S. Treasury Department’s numbers when discrepancies in the financial data couldn’t be accounted for, according to the Reuters investigation.
According to that Reuters investigation:
For two decades, the U.S. military has been unable to submit to an audit, flouting federal law and concealing waste and fraud totaling billions of dollars.
Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense’s accounts.
Every month until she retired in 2011, she says, the day came when the Navy would start dumping numbers on the Cleveland, Ohio DFAS…. Using the data they received, Woodford and her fellow accountants there set about preparing monthly reports to square the Navy’s books with the U.S. Treasury’s…. And every month, they encountered the same problem. Numbers were missing. Numbers were clearly wrong. Numbers came with no explanation of how the money had been spent or which congressional appropriation it came from.
While many of the problems occurred due to bookkeeping errors rather than actual financial losses, the DFAS has failed to provide the necessary tracking information essential to performing an accurate audit of Pentagon spending and obligations, according to the IG’s report.
“Army and Defense Finance and Accounting Service Indianapolis personnel did not adequately support $2.8 trillion in third quarter adjustments and $6.5 trillion in year-end adjustments made to Army General Fund data during FY 2015 financial statement compilation,” wrote Lorin T. Venable, the assistant inspector general for financial management and reporting. “We conducted this audit in accordance with generally accepted government auditing standards.”
The Pentagon has a chronic failure to keep track of its money – how much it has, how much it pays out and how much is wasted or stolen. Adding to the appearance of impropriety is the fact that thousands of documents that should be on file have been removed and disappeared without any reasonable explanation.
DFAS “did not document or support why the Defense Departmental Reporting System . . . removed at least 16,513 of 1.3 million records during Q3 FY 2015. As a result, the data used to prepare the FY 2015 AGF third quarter and year-end financial statements were unreliable and lacked an adequate audit trail,” according to the IG’s report stated.
The accounting errors and manipulated numbers, though obviously problems in their own right, highlight a far greater problem for the Defense Department than only bad recording keeping and wasteful spending habits. In reality, they are a representation of the poor decision making, and lack of oversight and accountability that plague our nation’s government as a whole.
While the Department of Defense can’t account for $6.5 trillion dollars of taxpayer funds, in 2014 there were 47 million people, including over 15 million children, living in poverty in the U.S. – %15 of the U.S. population, which is the largest total number in poverty since records began being kept 52 years ago.
Please share this story if you are appalled by the fact that there are Americans that are homeless and hungry, including U.S. combat veterans — while the government is unable to account for $6.5 trillion dollars of taxpayer money.
We got money for wars, but can’t feed the poor – Tupac Shakur
http://thefreethoughtproject.com/audit-reveals-pentagon-6-5-trillion/
The Pentagon budget is around $700 billion.
The Pentagon's own auditors found they cannot account for 25 percent of their daily expenditures.
That means Monday through Friday, 8 a.m. to 5 p.m., the Pentagon loses around $86 million tax dollars an hour.
The Pentagon loses more of your tax dollar money before lunch each day than Americans will see in their entire life time.
That means the Pentagon loses enough of your tax dollars every day to deliver every American free health care...
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.... you can make ten times more money in one day of war than you can in a whole year of peace.
the Rothschilds,
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Making Money from War--
THE HOUSE OF ROTHSCHILD
The World's Banker, 1849-1999
By Niall Ferguson.
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"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron." -- Dwight D. Eisenhower
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