Your email address will not be published. Real outlays grew 1.7 percentage points a year faster than the historical average since the end of 2017; real receipts grew 1.8 percentage points slower, Fox says. The Pentagon alone gets half the pie, a record $858 billion. Or are you an unpatriotic commie pig who doesnt appreciate their struggle?! Of course, in the real world outside the halls of government and of largely unchecked power, a mere single trillion would be enough send people to jail. They were evacuated. WebThe Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing There has been a big course shift among macroeconomists in recent years over the risks and rewards of fiscal stimulus, he writes. There were 546,433 adjustments in fiscal 2017 and 562,568 in 2018, according to figures provided by Representative Jackie Speier, who asked the Government Accountability Office to investigate, the report added. Your phone starts acting funny. The combined errors, shorthand, and sloppy record-keeping by DoD accountants do addup toa number nearly 1.5 times the size of the U.S. economy, said Speier, a California Democrat. Although it gets scant public attention compared with airstrikes, troop deployments, sexual assault statistics or major weapons programs, the reliability of the Pentagons financial statement is an indication of how effectively the military manages its resources considering that it receives over half of discretionary domestic spending, Carpaccio says. Strange people call you at strange hours to give you strange information. The Biden plan: Biden calls for higher taxes on the wealthy and corporations, along with other reforms. Source:https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Your email address will not be published. 'It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back. That does not mean that the Defense Department spent, lost, or could not account for $35 trillion, said Bryan Clark, a senior fellow with the Center for Strategic and Budgetary Assessments think tank in Washington, D.C. It means money that DoD moved from one part of the budget to another, Clark explained to Task & Purpose. The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed$2.7 trillionin assets and$2.6 trillionin liabilities. We have made significant progress in reducing the number and dollar value of unsupported adjustments by over 30% and 70%, respectively, he said. The Pentagon, with some $3 trillion (give or take a trillion but whos counting?) Inanother report, they tried to simulate how to bring that building down in the manner it did and the only way was to cut the columns on the first 8 floors. The GAO estimated based on a sample that at least 96% of 181,947 automatic adjustments made in the fourth quarter of fiscal 2018 didnt have adequate supporting documentation., In laymans terms, this means that the DoD made adjustments to accounting records without having documentation to support the need or amount for the adjustment, said Dwrena Allen, spokeswoman for the Pentagons inspector general. This milestone was the first non-Latin Vulgate text of the scripture to be produced in a millennium and the first ever to come off a printing press. There were 546,433 adjustments in fiscal 2017 and 562,568 in 2018, according to figures provided by Representative Jackie Speier, who asked the Government Accountability Office to investigate. All constitutional changes required the unanimous approval of the 13 member States. Many of these older systems were designed without consideration for current financial accounting standards, Sherwood said. They needed the guaranteed trade. Here were talking $30+ trillion and it appears this gaping accounting black hole bigger that most of the worlds past and future economies will itself be memory holed and explained away as being but the minor errors of some DoDpencil-pushers, apparently. Countless manipulations about how they pulled of ventures to ensure guaranteed trades. Bloombergs Justin Fox crunched the data and came to a simple conclusion: Its both. That includes the evidence against all the bank manipulations that the Department of Justice, SEC & CFTC do their best to hide andNEVERcharge any bankers personally. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News This was an office building, not a chemical facility. Congress doesn't allow them to have money for emergencies. But, says the article, you can breathe easy, because the money isnt really lost, its just all poor accounting: The military services make adjustments, some automatic and some manual, on a monthly and quarterly basis, and those actions are consolidated by the Pentagons primary finance and accounting service and submitted to the Treasury. She was writing a book called I Saw the Devil. Thats obscene, they stole how much money? Get the latest in military news, entertainment and gear in your inbox daily. So, like in your household budget: It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back.. In laymans terms, this means that the DoD made adjustments to accounting records without having documentation to support the need or amount for the adjustment,she said. In the banking world, where the same pile of assets are assigned to several different accounts all at the same time, its not only fraudulent, but there is actually a word for it: re-hypothecation. The problem was the fire would have to have been 800 degrees celsius to do that and the building would not have collapsed straight down. The nations two main newspapers, the Washington Post and the New York Times, have simply ignored it. Change), You are commenting using your Facebook account. And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. The Department is actively developing strategies to reduce accounting adjustments, Mark Easton wrote in a Dec. 5 response to the GAO. (ZH) Over the past two weeks of coronavirus headlines and heightened global anxiety, along with impeachment coverage and after over the Super Bowl weekend Americans huddled in living rooms in blissful oblivion, a story which in more normal times would be front and center has gone largely unnoticed. It also means that the Defense Department really sucks at accounting, according to a recent Government Accountability Office report. Subsequently, the Department will update the Department of Defense Financial Management Regulation and document strategies with specific outcomes and detailed procedures for achieving stated goals in the strategies.. With Clinton Brand Discredited, Its High Time to Reopen Investigation into Death of Vince Foster The Most RevolutionaryAct, Pentagon Fails Audit (yet Again!) WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? Biden went after Russian President Vladimir Putin hard during his SOTU address, but withheld harsh words for , Imane Fadil, the ex-model who claimed to have witnessed demonic rituals at Silvio Berlusconis mansion died mysteriously on March 1st at age 34. The latest radio shows from our sister site. However, $35 trillion is close to 50-times the size of the Pentagons 2019 budget, so that means every dollar the Defense Department received from Congress was moved up to 50 times before it was actually spent, Clark said. All rights reserved. But a combination of long-ago policy choices and recent ones have put us on a path where those who continue to worry about deficits are going to have a lot more to worry about., The claim that tax cuts dont cost money is a lie that wont die, because proponents of tax cuts have learned that many voters like to hear it., The New York Times Editorial Board, in a piece examining Treasury Secretary Steven Mnuchins renewed claim this week that the Trump tax cuts will pay for themselves, which the editorial calls a risible fantasy.. But not so fast. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. Write CSS OR LESS and hit save. Why it matters: More broadly, the number highlights the persistent lack of internal financial controls at the Pentagon, which makes it extremely difficult to account properly for spending in the largest government budget. Web584 votes, 77 comments. Penn Wharton reportedly plans to follow up with additional analysis considering the effects of the tax plans if the revenue raised were used to fund investments that boost productivity. The banks pay huge fines at shareholder expense to protect the bankers personally and nobody ever goes to jail. The FBI calls you. Naturally, the first and only question we should start with is:how is this even possible? An attorney for lawyer Alan Dershowitz wrote a letter to the U.S. District Court of Appeals for the Second Circuit on Tuesday, asking whether the , As major media and big tech continue freaking out over 159 measles cases in the U.S., anti-vaccine campaigners are increasingly being likened to terrorists as their ability to share information and earn money is being cut off. He said he was told by the head of the firm to come to him with guaranteed trades not recommendations. There isnt 35 trillion missing. Carpaccio notes that the number dwarfs the $738 billion of defense-related funding in the latest U.S. budget, a spending plan that includes the most expensive weapons systems in the world including the F-35 jet as well as new aircraft carriers, destroyers and submarines. Its also larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books.. Here is one tape I had a copy of that was at my mothers house which survived. Trumps Fed Nominees Will Mean Easier Money, Talented Immigrants Make the U.S. Richer, Not Poorer. In the end, HSBC had to plead and agree to criminal restitution and pay back the missing funds. So We Talked to an Economist. MAKE CHECKS OUT TO: The WTC was taken down with a Tesla device and Trumps uncle took the Tesla papers. Your generosity is very much appreciated and needed. Defense Department spokesman Christopher Sherwood referred questions about the Pentagon's accounting system to the GAO report, in which the Pentagon's deputy chief financial officer vowed to fix the issues raised. There was also no source of fuel to burn that hot. US (not America any longer) put 80% of its budget for the first 90 years to killing the indigenous as George Washington wiped out the Iroquis and the Pilgrims were no better wiping out the Pequot as the Jews, Masons and Christians burnt theirRead more , Look at the design of DC and the Pentagon which is an upside down pentagram as both were designed by Freemasons as are all state houses and a huge number of dams, buildings, cities, and other structures with George Washington in full pose as Baphomet (the inverse of the Ram of Banebdjedet at Mendes) as everything we know, read or have been taught is the inverse (Well know our disinformation program is complete when everything the American public believes is false William Casey at Reagan White House meeting with Barbara Honegger in attendance and it was herRead more . WebIn this story, we'll be finding out how the Pentagon somehow lost 35 trillion dollars, do you really believe them? But the other is to do it deliberately. WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. Money is double or triple-counted as it moves between accounts. NO data about the Use in Pregnancy and lactation, in Paediatric Individuals <12 Years of Age and .VACCINE EFFECTIVENESS! Of course, aluminum is present , Untimely Death In a stunning coincidence, It appears Andrew Breitbart suffered his untimely death just hours before he was set to release damning video footage that could have sunk Barack Obamas 2012 re-election campaign. According to Japans health ministry, the total number of births declined to 799,728 in 2022, which is down 5.1% from a year earlier. I objected and told the court that these tapes had nothing to do with the case. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! Indeed, $35 trillion exceeds Americas entire GDP for 2019 by more than 50%. According to Bloombergs Anthony Carpaccio, the Department of Defense made $35 trillion in accounting adjustments in 2019, easily surpassing the $30.7 trillion Registration on or use of this site constitutes acceptance of our Terms of Service. We project that these two effects are largely offsetting over time.. While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers. But it may happen behind closed doors, with the news media and public barred at least in part. The Biden proposal has two opposing effects on the macroeconomy, the new study explains. Trillions explained away by a little benign neglect of simple documentation? 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