$35 trillion missing from pentagon

He also calls for higher estate taxes and the introduction of a financial transactions tax. Rep. Jackie Speier (D-CA), who asked the Government Accountability Office to look into the issue, said the combined errors, shorthand, and sloppy record-keeping by DoD accountants do add up to a number nearly 1.5 times the size of the U.S. economy, and charged that the Pentagon employs accounting adjustments like a contractor paints over mold. Enter your email address to subscribe to this blog and receive notifications of new posts by email. As an example of how the dollar figures multiply, Sherwood said recognizing $800 million due a contractor in previously unrecorded payments requires multiple accounting adjustments that net to $0 but could total over $5 billion in movement between accounts. Consider too that the current actual US budge for defense-related funding is$738 billion. They were no interested in real trading. Their priority is making the situation look manageable, not solving the underlying problem., The Pentagons $35 Trillion Accounting Black Hole, DoD photo by Master Sgt. (LogOut/ The Sanders campaign estimates that his wealth tax would raise $4.35 trillion over a decade, but Penn Wharton projects it would fall more than $1 trillion short of that mark, raising between $2.8 trillion and $3.3 trillion over 10 years. 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. Its that term, plus the admission that things are being counted more than once in these accounting adjustments, that bring me to todays high octane speculation: What if weve just been given another profound clue into the nature of the hidden system of finance? The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News Alternative Political News Articles Videos Financial Articles Videos Health Articles Videos Prep / Survival Articles Videos Christian News Articles History Timelines Timeline Newest Difficulty is a bit of an understatement, isnt it? With tax season now fast approaching, its not too comforting to know the Pentagon enjoys over half of all discretionary domestic spending forits global war machine in maintenance ofour humble RepublicEmpire. WebIts $1.7 trillion. Jeff Schogol Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. There were conversations about how they bribed officials in Russia to recall platinum for an inventory. CTRL + SPACE for auto-complete. 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. The U.S. Department of Defense announced $35 trillion in accounting changes in 2019 a figure up from $30.7 trillion in 2018 and $29 trillion in 2017. WebThe Real Reason The Pentagon Is Missing 35 TRILLION Dollars. Sign up for our free newsletter. Discussion about Republics restoration and other musings. Their priority is making the situation look manageable, not solving the underlying problem, she said. 2009-2023 The Fiscal Times. Founder of Architects for 911 Truth. Deadly Viruses Aren't Pharma's Top Priority. And for further perspective on the DoDs defense ofthe beggars belief figure: It means money that DoD moved from one part of the budget to another, Clark explained to Task & Purpose. Rep. Jackie Speier (D-CA), who asked the Government Accountability Office to look into the issue, said the combined errors, shorthand, and sloppy record-keeping by DoD accountants do add up to a number nearly 1.5 times the size of the U.S. economy, and charged that the Pentagon employs accounting adjustments like a contractor paints over mold. According to Bloombergs Anthony Carpaccio, the Department of Defense made $35 trillion in accounting adjustments in 2019, easily surpassing the $30.7 trillion in such adjustments recorded in 2018. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); WE ARE THE NEWS NOW! It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. What if the practice of rehypothecation is not confined to the world of banking, but has in fact become amodus operandiof government agencies themselves, in this case, of the Department of Defense? Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. All rights reserved. Proof MSM Is The Enemy Of The People CNNs Dumbest Man On Television, Don Lemon, Joins NeverTrumper In Mocking Half Of Americans As Stupid Hicks, Virus Update: Med Journal Lancet Shows Initial Death Rate Over 11% & Contagion up to 83% (1of2), Discover the untold story about the War in Ukraine in this eye-opening documentary, The US wants to Impose a New Economic Paradigm on the World. This was an office building, not a chemical facility. While auditors found no evidence of fraud in the review of finances that Congress required, they flagged a laundry list of problems, including accounting adjustments. The latest radio shows from our sister site. 'It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back. according to a recent Government Accountability Office report. let that number sink in) #darkskyfiles #pentagon #government The latest estimate is up from$30.7 trillionin 2018 and$29 trillionin 2017, the first year adjustments were tracked in a concerted way, according to Pentagon figures and a lawmaker whos pursued the accounting morass. The watchdog agency will release a report on the subject Wednesday after reviewing more than 200,000 fourth-quarter 2018 adjustments totaling $15 trillion. But because the DoD could not provide support, the auditors could not draw conclusions regarding the adjustments., Published on January 22, 2020, 3:00 AM CST. Would love your thoughts, please comment. 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.. With tax season now fast approaching, its not too comforting to know the Pentagon enjoys over half of all discretionary domestic spending forits global war machine in maintenance ofour humble RepublicEmpire. Thanks for being a reader of this site. And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. That is where they took our computer system and when I asked for my legal discovery, the SEC responded that everything was destroyed in 911. CEO of Blackrock Warns A Spike In Inflation May Come As A Pretty Big Shock Its Not Transitory, Discover the untold story about the War in Ukraine in this eye-opening documentary, The US wants to Impose a New Economic Paradigm on the World. Its widely acknowledged that aluminum can enter the brain and disrupt its functions. Another issue is whether the Defense Department is spending its money the way Congress envisioned it would, he said. 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.. What we were finding is the Department of Defense has such lack of confidence or unreliability in their own records that they on a routine basis . Many of these older systems were designed without consideration for current financial accounting standards, Sherwood said. Penn Wharton also estimates that Sanders plan to expand the estate tax, which would raise rates and reduce the federal exemption from its current level of about $11 million ($22 million for married couples) to $3.5 million for singles (and $7 million for couples). 22% unknown outcomes! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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 . by Martin Armstrong, Armstrong Economics: Recently, a tape has emerged from a private camera that was there during 911 filming the collapse of World Trade Center #7 the only one that no plane ever hit. 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.. 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. Learn how your comment data is processed. Now, theres two ways to count money two, or three, or several times: one is to do so inadvertently and by mistake, which is what were being asked to believe here. Your generosity is very much appreciated and needed. Well, I suspect todays article, shared by G.P., may have something to do with yesterdays story. You can email him at [email protected], direct message @JeffSchogol on Twitter, or reach him on WhatsApp and Signal at 703-909-6488. Most of the tax increases under the Biden plan would fall on the top 0.1% of income earners, raising their annual taxes by more than $1 million each and lowering their after-tax income by 14%. Registration on or use of this site constitutes acceptance of our Terms of Service. Change), You are commenting using your Facebook account. So what are these accounting adjustments? bc1q5z3xe8syvrt5xd52880mgj644tv9d5q55rk6tc, MONERO ADDRESS: 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 That means studies of proposals to raise corporate taxes do show some higher taxesunder $200 for many households in Mr. Bidens casefor the middle class.. There isnt 35 trillion missing. Source:https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Your email address will not be published. Anne learned to fly, and she and Charles made spectacular intercontinental flights together. 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The 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 difficulty in balancing its books. Within that $30 trillion is a lot of double, triple, and quadruple counting of the same money as it got moved between accounts, said Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies. The spending adjustments follow the Pentagons first failed audit in 2018 and another failed audit in 2018, according to Bloomberg. With Clinton Brand Discredited, Its High Time to Reopen Investigation into Death of Vince Foster The Most RevolutionaryAct, Pentagon Fails Audit (yet Again!) The Pentagons $35 Trillion Accounting Black Hole, Plus: Sanders, Biden tax plans come up short, study says. Embed Share. 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