Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

[Contumacious]

Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

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.


Can anyone say ISIS?


Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm


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[Lakhota]

That's just another reason the defense budget should be cut in half.

 

[Rustic]

Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

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.


Can anyone say ISIS?


Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm


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Typical of socialism

 

[Gracie]

It went in many deep pockets scattered all over the USA and the world at large.

 

[Damaged Eagle]

I can't imagine why the Pentagon would have such a big error in accounting for that kind of money..... It's not like we're at war with anyone.

*****SMILE*****

 

[Contumacious]

That's just another reason the defense budget should be cut in half.

That's another reason to DISMANTLE the bankrupt gargantuan welfare/warfare police state.

The motherfucking powers-that-be have paid through the nose to use ISIS to attempt to remove Assad from power. ISIS continues to get stronger and stronger everyday thanks to good ol' uncle sam.

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[Care4all]

Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

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.


Can anyone say ISIS?


Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm


.

nahhh, here is the IG's report and it is more of a paperwork/people problem, systems problem....

DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported

 

[Contumacious]

It went in many deep pockets scattered all over the USA and the world at large.

It happens everytime Obama and Hillary go shopping

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[Contumacious]

I can't imagine why the Pentagon would have such a big error in accounting for that kind of money..... It's not like we're at war with anyone.

*****SMILE*****

The gargantuan bankrupt welfare/warfare police state is at war with EVERYONE.


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[pwjohn]

I can't imagine why the Pentagon would have such a big error in accounting for that kind of money..... It's not like we're at war with anyone.

*****SMILE*****

The gargantuan bankrupt welfare/warfare police state is at war with EVERYONE.


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largest terrorist organization in the world.

 

[Contumacious]

I can't imagine why the Pentagon would have such a big error in accounting for that kind of money..... It's not like we're at war with anyone.

*****SMILE*****

The gargantuan bankrupt welfare/warfare police state is at war with EVERYONE.


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largest terrorist organization in the world.

Yes , indeed. The US is the worst sponsor of state terrorism.

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[Dekster]

The report isn't that the money is missing. It is that the accounting system is so messed up they are unable to fully audit the defense department. One report I read indicated that the software just tossed out data that had been entered on its own.

A friend of mine's dad was an auditor for the GAO for several years. He said it is nearly impossible because so much money is moving in and out of the government every second and they had to wait until projects were completed before they had a real chance to capture a proper audit.

 

[pwjohn]

I can't imagine why the Pentagon would have such a big error in accounting for that kind of money..... It's not like we're at war with anyone.

*****SMILE*****

The gargantuan bankrupt welfare/warfare police state is at war with EVERYONE.


.

largest terrorist organization in the world.

Yes , indeed. The US is the worst sponsor of state terrorism.

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Wow

 

[Skylar]

Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

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.


Can anyone say ISIS?


Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm


.

Another batshit conspiracy theory you can't possibly back up?

Honestly, Cont.....do you just ape whatever Trump and American Thinker tell you to believe? Does it ever occur to you to fact check it, question it, or even think for a few moments on what you're expected to swallow?

 

[Skylar]

The report isn't that the money is missing. It is that the accounting system is so messed up they are unable to fully audit the defense department. One report I read indicated that the software just tossed out data that had been entered on its own.

A friend of mine's dad was an auditor for the GAO for several years. He said it is nearly impossible because so much money is moving in and out of the government every second and they had to wait until projects were completed before they had a real chance to capture a proper audit.

This. Rumsfeld complained about the same thing back in 2001. The accounting system is antiquated, spread across the Pentagon with systems that don't adequately talk to each other. Here's the actual findings of the Inspector General Report:

"The Office of the Assistant Secretary of the Army (Financial Management & Comptroller) (OASA[FM&C]) and the Defense Finance and Accounting Service Indianapolis (DFAS Indianapolis) did not adequately support $2.8 trillion in third quarter journal voucher (JV) adjustments and $6.5 trillion in year end JV adjustments1 made to AGF data during FY 2015 financial statement compilation. The unsupported JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system‑generated adjustments.

In addition, DFAS Indianapolis did not document or support why the Defense Departmental Reporting System‑Budgetary (DDRS-B), a budgetary reporting system, removed at least 16,513 of 1.3 million records during third quarter FY 2015. This occurred because DFAS Indianapolis did not have detailed documentation describing the DDRS-B import process or have accurate or complete system reports.

As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail. Furthermore, DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions. Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of September 30, 2017."

DoD IG - Reports and Publications - Army General Fund Adjustments Not Adequately Documented or Supported

 

[P F Tinmore]

It went in many deep pockets scattered all over the USA and the world at large.

There is nothing new here. Who is getting that money?

 

[Skylar]

It went in many deep pockets scattered all over the USA and the world at large.

There is nothing new here. Who is getting that money?

Again, they are not saying that 6.3 trillion is missing. They are saying that the accounting for 6.3 trillion sometimes lacked an adequate audit trail.

 

[Gracie]

Again, 6+ trillion dollars is MIA.

 

[Silhouette]

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.

2011 - 15 years = 1996 through 2011. So the last four years of the Clinton Administration. All 8 years of the Bush/Cheney Administration. And the first three years of the Obama Administration.

 

[Contumacious]

Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

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.


Can anyone say ISIS?


Hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm


.

The audit reveals that the Obama/Hillary axis of evil has "lost" $$$$$ 6.5 TTTTTTTTTTTTTTTTTTTTTTrillion. Come on motherfuckers, cough it up.


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