Pentagon Missing $824 Billion

By Free Republic | Created at 2024-11-20 17:13:03 | Updated at 2024-11-23 10:35:11 2 days ago

Pentagon Missing $824 Billion
Armstrong Economics ^ | 20 Nov 24 | Martin Armstrong

Posted on 11/20/2024 9:00:22 AM PST by delta7

The Pentagon, funded by you—the taxpayer—has truthfully NEVER passed an audit. Washington uses the Pentagon and Department of Defense as perhaps its favorite money laundering tool. Countless funds and supplies vanish year after year, and no one is ever investigated or punished. The corruption is blatantly in our faces. The most recent gimmick of an audit revealed that the Pentagon is unable to account for an astounding $824 billion missing from its budget. This is the seventh consecutive time that the Department of Defense has at least admitted that the agency “misplaced” hundreds of billions of dollars. Where are the funds?

There are twenty-eight separate reporting agencies, also funded by the taxpayer. Fifteen of those agencies received disclaimers, nine received an unmodified audit opinion, and one received a qualified opinion, while the remaining three agencies have pending opinions.

Last November, the Pentagon funneled about $187 million to the public sector to conduct these dishonorable audits. The corruption never ends. They knew ahead of the audits that the agency would not come close to passing. There is zero remorse.

The DoD has no concern for their failed audit as they have never felt repercussions for failing one. Michael McCord, Under Secretary of Defense (Comptroller) and Chief Financial Officer, dared to say that he wouldn’t necessarily call $824 billion in missing funds a “failed audit.” McCord also said not to worry since the Pentagon should be able to alter its audits to pass by 2028. The government can misuse our funds, but we’d be imprisoned for failing to give them their money through taxation.

“So if someone had a report card that is half good and half not good, I don’t know that you call the student or the report card a failure,” McCord said. Actually, that student would be held back and forced to complete the requirements for his or her grade level. Could you steal the money from someone’s wallet and call it an act of kindness for returning the change?

This severely indebted nation provided the $824 billion to this slush fund of a department. Where is our money? Why has this agency never been held accountable? I presume the pockets run deep and the number of players involved would smear a portion of the establishment domestically and internationally.

Do not forget that when a whistleblower admitted the Pentagon has $2.3 trillion in unaccounted funds, a few major buildings in New York fell and started a contagion of events. The agency has never explained the whereabouts of those funds nor has it explained the trillions that have gone missing since then. The WTC7 demolition on 9/11 destroyed the room where the Pentagon audit was taking place and also happened to be the location of my computer system. I received an explanation from the SEC that everything had simply been destroyed and no further questions were permitted.

I do hope that Donald Trump’s administration drains the swamp and holds EVERY federally funded department accountable for passing audits. This is truly a disgrace and a slap in the face to Americans who have been funding government mismanagement for generations.

TOPICS: Crime/Corruption; Government
KEYWORDS: corruption

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1 posted on 11/20/2024 9:00:22 AM PST by delta7

To: delta7

I am beginning to doubt Trump can ever clean up our Swamp.

There is no cleaning it up. There is only delaying its growth.

To: delta7

Just check under the couches. Im sure its somewhere.

3 posted on 11/20/2024 9:03:00 AM PST by suasponte137

To: delta7

4 posted on 11/20/2024 9:04:51 AM PST by Frank Drebin (And don't ever let me catch you guys in America!)

To: delta7

Check the Ukraine and Forgiven Student Deadbeat College loans.

5 posted on 11/20/2024 9:05:43 AM PST by FlingWingFlyer (Let's Go Brandon! FCS (Schumer))

To: suasponte137

People taking pens and other office supplies home...

6 posted on 11/20/2024 9:05:58 AM PST by gundog (It was a bright cold day in April, and the clocks were striking thirteen. )

To: delta7

I once read a rebuttal to this, but can’t find the link. What it said was basically this - it is stupid and malicious accounting trickery to come up with high number.

Say a squad has misspent or misreported $10. Then the whole squad’s budget is added to this “discrepancy” number and not only that. Then the parent unit’s budget is added too and so on. $10 becomes $1M.

There is waste and there is theft and mismanagement. So large organizations always have some of that. Reports like this use dishonest accounting tricks to make it seem much larger.

7 posted on 11/20/2024 9:05:58 AM PST by Krosan

To: delta7

The most recent gimmick of an audit revealed that the Pentagon is unable to account for an astounding $824 billion missing from its budget.

Cut the budget by the same amount.

8 posted on 11/20/2024 9:06:33 AM PST by TheDon (Resist the usurpers! Remember the J6 political prisoners!)

To: delta7

Check with Ukraine & The Big Guy..............

9 posted on 11/20/2024 9:07:00 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)

To: delta7

America needs to eliminate the Federal Reserve and return to a gold-backed currency immediately

Our printed fiat money, backed by nothing, is increased exponentially via government debt

And that is fuel for out-of-control corruption, marxist control, and top-down woke social engineering.

10 posted on 11/20/2024 9:07:17 AM PST by PGR88

To: delta7

Maybe it’s the mother of all black projects.

11 posted on 11/20/2024 9:07:20 AM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)

To: delta7

Look in various Senator’s, Rep’s, Department Secretary’s and former (and soon to be) President’s off-shore bank accounts.

To: delta7

Gibs me some of those multi-billion cost plus contracts… I’ll donate to whatever you want.

13 posted on 11/20/2024 9:08:10 AM PST by House Atreides (I’m now ULTRA-MAGA-PRO-MAX.)

To: BenLurkin

Talking about black project’s mother...sounds racist.

To: suasponte137

Just check under the couches. Im sure its somewhere.

It's in cardboard boxes, next to a Corvette in a Delaware garage...

15 posted on 11/20/2024 9:10:30 AM PST by Who is John Galt? ("...mit Pulver und Blei, Die Gedanken sind frei!")

To: delta7

There are many Billionaires in the world.

I’d bet there are also a number of Trillionaires.

16 posted on 11/20/2024 9:10:32 AM PST by laplata (They want each crisis to take the greatest toll possible.)

To: delta7

How the hell can you misplace $824 billion?!

And yet the IRS comes after one of us if we make a $100 mistake on our taxes.

17 posted on 11/20/2024 9:11:14 AM PST by Rummyfan ( In any war between the civilized man and the savage, support the civilized man.)

To: delta7

“Do not forget that when a whistleblower admitted the Pentagon has $2.3 trillion in unaccounted funds, a few major buildings in New York fell and started a contagion of events.”

The article would have more credibility if it didn’t indulge in 9/11 truther nonsense.

18 posted on 11/20/2024 9:11:47 AM PST by JSM_Liberty

To: delta7

Terrible headline. That was the DOD budget. It’s not ALL missing.

19 posted on 11/20/2024 9:12:19 AM PST by 6ppc (During times of universal deceit, telling the truth becomes a revolutionary act -George Orwell)

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