U.S. Army fudged its accounts by trillions of dollars
The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.
The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up.
As a result, the Army’s financial statements for 2015 were “materially misstated,” the report concluded. The “forced” adjustments rendered the statements useless because “DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions.”
Disclosure of the Army’s manipulation of numbers is the latest example of the severe accounting problems plaguing the Defense Department for decades.
The report affirms a 2013 Reuters series revealing how the Defense Department falsified accounting on a large scale as it scrambled to close its books. As a result, there has been no way to know how the Defense Department – far and away the biggest chunk of Congress’ annual budget – spends the public’s money.
The new report focused on the Army’s General Fund, the bigger of its two main accounts, with assets of $282.6 billion in 2015. The Army lost or didn’t keep required data, and much of the data it had was inaccurate, the IG said.
“Where is the money going? Nobody knows,” said Franklin Spinney, a retired military analyst for the Pentagon and critic of Defense Department planning.
Maybe this will result in a long overdue cut in defense spen.....
LOL who the fuck am I kidding, it will go up by another trillion next year.
Jeremiah Edwards
maybe you guys should be thinking about this. instead of the stuff you usually come up with.
Ryan Clark
...
Wyatt Lopez
Apparently America is as corrupt as any Third World hellhole. >Who could have thought
>No Burgers for you
Charles Jackson
>Withdraw all fleets, shutter all bases >Funnel money into missile defense systems >Mothball equipment, leave enough to defend borders >Put DoD budget, soldiers towards repairing infrastructure or payroll tex-mex border >America is made great again
Globalist shills will shout down isolationism.
Joseph Hill
Payroll=patrol
Daniel Cox
Either way, it shows that America is full of holes >>And it is not just the military
HOW ELSE WILL WE FUND OUR SECRET WARS AROUND THE WORLD IF THEY ARE NO LONGER SECRET
Chase Torres
>Good Goy, >Keep lining our pockets, canon fodder
Hunter Lee
>Apparently America is as corrupt as any Third World hellhole.
Probably more corrupt since America has the capabilities all those hellhole's wish they had access to.
James Smith
>Probably more corrupt because of how much wealth America has amassed over the years
David Price
No shit. There was an investigation into almost $3 trillion that had disappeared right before 9/11. The "plane" that "hit" the Pentagon just happened to blow up the part of the Pentagon that held all the relevant data and files related to this missing money. Since then, we are at I think 6-8 trillion missing dollars. Who knows wtf they spend it on?
Blake Gutierrez
I didn't realize how corrupt we were until I worked with someone in a former position of power in my county. Basically big wigs and cops talk to judges and get people off they want. Former cops can speed with no consequences because of fraternal order of police plates. There is more, but just that was enough to make me disappointed in the corruption.
Landon Long
Or it all ended up in the Swiss accounts of the elites
It is surprising how American Normies can be so oblivious to such blatant degeneration and proclaim that their state is morally-sound.
I am curious though, does it differ from state-to-state? Ethnic areas?
Jaxson Reed
There are definitely places that have higher levels of police corruption. I've heard some really bad stories about some parts of the deep south (more or less the southeastern quarter of the US). The ethnic areas in the US that I would expect to be most corrupt are the mostly black/latino communities that are (by design) drug infested and heavily policed. The police departments in wealthy suburbs are less corrupt on the surface, but when push comes to shove, and politics becomes a factor, they are just as corrupt.
Grayson Rodriguez
Then I'm guessing the states that houses the main seats of power are heavily corrupt as well (Virginia/Maryland etc.)?
Camden Smith
Common core in all it's glory
It worked!!
Colton Jackson
the entire world is corrupt and always has been. america is a crazy schizo place where everyone thinks we've solved every problem and it turns out we caused most of them and just sweep the rest of the stuff under the rug.
Jace Martinez
>fudged its accounts by trillions of dollars
Blake Carter
they are gearing up a secret military force for civilian suppression. The guys running this shit are all the Obama appointees. Who would not refuse to fire on American civvies.
