Defense Spending

  • The Pentagon’s Bottomless Money Pit (including a personal experience)

  • $21 trillion of Pentagon financial transactions between 1998 and 2015 could not be traced, documented, or explained.

The long-awaited, Congressionally mandated Department of Defense audit concluded. Read the resulting synopsis from “The Nation”:
Pentagon’s Massive Accounting Fraud Exposed (Post with downloadable PDF file, 787 Kb)  As reported at https://www.thenation.com/article/pentagon-audit-budget-fraud/   And a shorter synopsis HERE.

Quotes from “The Nation”:

“In all, at least a mind-boggling $21 trillion of Pentagon financial transactions between 1998 and 2015 could not be traced, documented, or explained, concluded Skidmore. To convey the vastness of that sum, $21 trillion is roughly five times more than the entire federal government spends in a year. It is greater than the US Gross National Product, the world’s largest at an estimated $18.8 trillion.”   (Underlining is mine  ~ Don)

“The Pentagon’s accounting fraud diverts many billions of dollars that could be devoted to other national needs: health care, education, job creation, climate action, infrastructure modernization, and more. Indeed, the Pentagon’s accounting fraud amounts to theft on a grand scale—theft not only from America’s taxpayers, but also from the nation’s well-being and its future.”

And such theft goes into the pockets of this country’s 1%ers!

 Check out these recently added subtopics:

DoD Cost Control

The Black Budget

Graft in the Military

Graft in the Military While in Officer Training School I applied for a position as an Ethics Review Officer. Considering recent revelations, it’s probably a good thing I didn’t get that post. ~ Don Chapin • The Pentagon’s Massive Accounting Fraud Exposed  As reported...

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Pentagon’s Massive Accounting Fraud Exposed

On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest discretionary cost center—the Pentagon receives 54 cents out of every dollar in federal appropriations—after the Pentagon failed for decades to audit itself. The firms concluded, however, that the DoD’s financial records were riddled with so many bookkeeping deficiencies, irregularities, and errors that a reliable audit was simply impossible.

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Failed Pentagon Audit Reveals $21 Trillion Scandal

Vox “journalist” Matthew Yglesias tried to push this idiotic justification: “The Pentagon’s accounting errors are genuinely enormous, but they’re also just accounting errors—they don’t represent actual money that can be spent on something else.”
Sorry, but no. These are not “accounting errors.” It’s impossible to have trillions of dollars of “accounting errors.” … I’ll let Laurence Kotlikoff at Forbes answer this:
“Let’s recall that this is not simply a matter of boring accounting. Trillions in unaccounted outlays, if that’s what’s involved here, is trillions of our tax dollars being spent without our knowledge. If that’s the case, we’re talking about the biggest government financial deception in the history of the country.”

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Will Pentagon Audit Lead to Missing Money?

Once again, the pentagon can’t account for vast sums of taxpayer dollars – $6.5 trillion. Detailing the specifics of waste or even graft that has transpired inside the military- industrial-security complex is a task that could get an investigator killed. The biggest cash cow is wrapped in the flag and exists within a culture where mere scrutiny lays open charges of being unpatriotic.

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US Military Spending Still Makes China, Russia Look Small

US Military Spending Still Makes China, Russia Look Small: Repost of original article by Rob Garver, May 1, 2017—Between 2007 and 2016, China increased the amount it spends on defense each year by 118 percent to $215 billion. Russia increased its military spending by 87 percent to $69.2 billion…They still spend less than half of what the Pentagon gets from U.S. taxpayers every year

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The Black Budget – UPDATED

The Black Budget. This Is What The ‘Secret Government’ Doesn’t Want You To Know Arjun Walia June 29, 2016 http://www.collective-evolution.com/2016/06/29/the-black-budget-this-is-what-the-secret-government-doesnt-want-you-to-know/ My last job while still in uniform...

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