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Pentagon fraud reaches 8.5 trillion!!!
Anonymous Kritter Show this Post
11-28-2013, 11:06 AM #1
Anonymous Kritter Incognito
)Pentagon forged financial documents amid failure to manage budget – investigation

A new report has revealed the Pentagon to be fundamentally incapable of managing its own books, with money and supplies unaccounted for and doctored ledgers masking billions of dollars of wasted spending.

An investigation by Reuters found that since 1996, the $8.5 trillion dollars of taxpayer money that Congress has allocated towards the US Department of Defense has never been accounted for.

According to those responsible for inserting the numbers into the books at the Defense Finance and Accounting Services (DFAS), military agencies failed to supply a clear monthly account of the money they spent. In a flurry of activity, DFAS would contact the appropriate personnel in order to record accurate data, but many numbers remained a mystery.

At this point, employees would be ordered to enter fake numbers, or "plugs," that would match up accordingly with what the Treasury department expected to see...

Although Defense Secretary Chuck Hagel would not comment on the situation, in August 2013 he released a video to the Pentagon in which he said, "The Department of Defense is the only federal agency that has not produced audit-ready financial statements, which are required by law. That's unacceptable." So that's why they set Chuck Hagel up!

Some lawmakers have also begun to lose patience. Senators Tom Coburn (R-Okla.) and Joe Manchin (D-W.Va.) have introduced legislation that would limit funding for new programs and prohibit the purchase of new information technology if the Pentagon is not ready for audits by 2017. It would also bar the Defense Department from acquiring new IT which takes more than three years to implement.

"The Pentagon can't manage what it can't measure, and Congress can't effectively perform its constitutional oversight role if it doesn't know how the Pentagon is spending taxpayer dollars," Coburn said in an email response to Reuters. "Until the Pentagon produces a viable financial audit, it won't be able to effectively prioritize its spending, and it will continue to violate the Constitution and put our national security at risk."

11-28-2013, 11:22 AM #2
Accidental Stoner Member
Posts:8,599 Threads:80 Joined:Feb 2011
85 000 000 000 000.


You Americans could all live like kings and queens.
All of you.
11-28-2013, 11:44 AM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,268 Threads:1,493 Joined:Feb 2011
Or at least have decent healthcare. bored.gif 15.gif *sigh*



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