How many times have you heard a nose picking, ass scratcher go on and on about those freeloaders (the poor) that are wasting government money? Or that have string opinions about wasting money on unpopular programs like school lunches or pollution control or other such programs?
But does any of that add up to $8.5 trillion (that is trillion with a “T”)?
$8.5 trillion is the amount of cash that the Defense Department has somehow misplaced……(wink wink)
WTF?
When government is completely dysfunctional and seems not to serve the people’s interests, we have to wonder where our tax dollars are going. Thanks to a Reuters investigation by Scot Paltrow, we have an answer—or, rather, a non-answer. Apparently, the Pentagon has made use of $8.5 trillion of our tax money handed over by Congress since 1996—but don’t ask what was done with the money. The Department of Defense doesn’t have a clue.
Audits of all federal agencies were mandated by law beginning in 1996, but the Pentagon is unique in never having complied. In almost 20 years, the Pentagon has never accounted for trillions it spent, in part because “plugging”—fudging the numbers—is standard operating procedure.
Exactly!
Thanx…I tire of all the bad talk about people that need help and nothing about this kind of loss….
As Bernie’s been saying, the Pentagon needs audits as a standard operating procedure.
But will it ever happen?
For Sure but of course that means independent audits. ~~dru~~
Reblogged this on The Militant Negro™.
” if we add the money that is missing with the amount we have wasted on our wars of adventurism then we would not have a budget deficit”?? chuq, that is an oversimplification. The additional money is not missing, it was spent, it is just that it was not accounted for. Why? Well aside from the fact that Ffact Checkers and MuckRakers, like yourself, might balk at what it bought; the real why was because they could.
Now money we note as given to others may go “missing” also…but again it was spent. Just by what we consider the wrong people or for the wrong reasons. Why? Because they could and “we” don’t care.
In my opinion, timely record keeping; real accountability; strict legal instructions for what, where and why; and actual repercussions for illegal as well as incorrect actions would help alleviate some of this but only “we the people” can ultimately correct those problems and it will TAKE TIME. Large amounts of money will never be completely free from fraud, greed or CORRUPTION. ~~dru~~
Look at the cash we sent to Iraq in 2003 on palettes…..millions min cash….here’s an idea….no war no need for cash to be misplaced at the Pentagon….chuq