The Pentagon Can't Account for $21T
truthdig.com
truthdig.com
https://www.metabunk.org/debunked-missing-21-trillion-6-5-tr...
Per the DOD comptroller, the unsupported journal adjustments are a technical accounting term
> when the military has to make quarterly or year-end financial statements, some entries, like the value of certain assets (like aircraft carriers) or liabilities (like pensions), have to be transferred either manually or by an automated but uncertified system. Because of this it's marked as "unsupported" because it lacks a rigorous audit trail. But it's not missing. It's just a long list of entries, like the value of the Navy's ships, that don't meet proper accounting standards
https://www.reuters.com/article/us-usa-audit-army/u-s-army-f...
https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-go...
"The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up."
The total of 21 trillion includes "adjustments" made by the U.S. Department of Housing and Urban Development in addition to branches of the Pentagon.
I don't understand how this number can possibly be correct in the sense that it's being presented. The article doesn't really explain it, can someone explain how the numbers add up? Is the Pentagon running a hedge fun in the background along with it's funding from congress?
[1] https://en.wikipedia.org/wiki/Military_budget_of_the_United_...
[2] I don't typically use the word 'only' to describe the US military budget.
> On July 26, 2016, the Office of the Inspector General (OIG) issued a report “Army General Fund Adjustments Not Adequately Documented or Supported”. The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments. According to the GAO's Comptroller General, "Journal vouchers are summary-level accounting adjustments made when balances between systems cannot be reconciled. Often these journal vouchers are unsupported, meaning they lack supporting documentation to justify the adjustment or are not tied to specific accounting transactions…. For an auditor, journal vouchers are a red flag for transactions not being captured, reported, or summarized correctly." [1]
This isn't actually necessarily money that's been spent illegitimately or secretly, or something. It sounds more like sloppy bookkeeping.
Note also that the author also writes for RT. It doesn't make him wrong, but it does invite scrutiny into the underlying narratives this piece was penned to support; they probably aren't just on the level of "Army bad at accounting."
[1] https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-go...
The original source appears to be https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-go..., which explains the situation better. For example:
The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments. According to the GAO's Comptroller General, "Journal vouchers are summary-level accounting adjustments made when balances between systems cannot be reconciled."
In other words, far more money goes in and out of the Army, or between its various departments, than its total net cost to the government, as one might expect for any large bureaucracy.
However, looking into the .gov report where they’re getting this from, it looks like the “21 trillion” figure is the total of all adjustments both up and down, to any part of the budget sheet- sloppy accounting is being done, but the net “adjustment” (the amount of money being unilaterally summoned from unclear sources due to Pentagon malarkey) is merely (!) in the hundred-millions or billions.
If you had put the same amount of money into research grants, you would've obtained 100x the commercial inventions we eventually got mainly by accident from the military.
If you mean the latest subscription service for cat videos (or "like Uber, but for..." type trash) then no, the military doesn't help with those things.