$35 trillion missing from pentagon

My battle with the Club was one where they wanted just the perfect trades from inside trading and bribing officials. 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.. And yup, the 9/11 false flag attack was orchestrated and perpetrated by Israelis and US Zionists to provoke a false flag revenge war between the US and Arab world. 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 Each budget category is so broadly defined that the Pentagon could use money slated for research and development to fund manpower costs if it wanted to. Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. Like what you're reading? 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. 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. That number includes non-accounting-standards-compliant entries for depreciation on assets, pension funds, liabilities, fixed assets, etc. All rights reserved. Speaking to Lawrence Sinclair of Sinclair News, Breitbart stated, Wait til they see what , Between March 1-17of2010,IRS agents identified the first 10 Tea Party case applications though not all had tea party in their name, according to a draft of The Treasury Inspector General for Tax Administration (TIGTA) appendix. Within that$30 trillionis a lot of double, triple, and quadruple counting of the same money as it got moved between accounts, Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies, toldBloombergin a recent report. Your car is broken into and the thief takes your computer and your reporters notebook and leaves everything else behind. Well, I suspect todays article, shared by G.P., may have something to do with yesterdays story. They were not traders willing to risk anything on real analysis. Nobody does that.. 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. Their priority is making the situation look manageable, not solving the underlying problem, she said. 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. Thats obscene, they stole how much money? Todd Harrison of the Center for Strategic and International Studies says they represent a lot of double, triple, and quadruple counting of the same money as it got moved between accounts within the Pentagon. Oddly enough, the section of the pentagon that was hit was where the financial analysts who came up with the discrepancy were located. However, $35 trillion is close to 50-times the size of the Pentagon's 2019 budget, so that means every dollar the Defense Department received from Congress was moved up to 50 times before it was actually spent, Clark said. 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. 0x3c909c5617D7BEF7B12FB4054F6D4dBcf22602e7. We project that these two effects are largely offsetting over time.. CTRL + SPACE for auto-complete. They were no interested in real trading. The military services make adjustments, some automatic and some manual, on a monthly and quarterly basis, and those actions are consolidated by the Pentagons primary finance and accounting service and submitted to the Treasury. The governments claim was itcollapsed from fire. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. There isnt 35 trillion missing. Japans birth rate has plunged to a new record low, undermining the countrys initiatives to remedy its aging population. I had given the tapes to my lawyers to protect. LIVE INTERVIEW WITH DEREK JOHNSON. Their priority is making the situation look manageable, not solving the underlying problem.. The story concerns yet more trillions of dollars, in this case, $35,000,000,000,000 worth of accounting errors: Pentagon Racks Up $35 Trillion in Accounting Changes in One Year. There were 546,433 adjustments in fiscal 2017 and 562,568 in 2018, according to figures provided by Representative Jackie Speier, who asked the Government Accountability Office to investigate. Indeed, $35 trillion exceeds Americas entire GDP for 2019 by more than 50%. 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.. While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers. Consider too that the current actual US budge for defense-related funding is$738 billion. Would love your thoughts, please comment. He also calls for higher estate taxes and the introduction of a financial transactions tax. The Pentagon's accounting systems are so old and out of date that defense officials don't even put up a fight when the Treasury Department says they've made errors, explained Kristen Kociolek, who led the GAO's review of the issue. Here were talking $30+ trillion and it appears this gaping accounting black hole bigger that most of the worlds past and future economies will itself be memory holed and explained away as being but the minor errors of some DoDpencil-pushers, apparently. Clearly, the benefit of 911 has been the ability to keep hiding missing money that nobody seems to care about. In addition, the gap between the campaigns estimates and Penn Whartons nonpartisan analysis demonstrates the challenges candidates face in generating new tax revenue to fund ambitious proposals, writes Bloomberg News reporter Laura Davison: Whats driving the trillion-dollar annual deficits the U.S. is expected to record for years to come, tax cuts or federal spending? Your contributions make this all possible. Covid and The Ohio Train PSYOPS Exposed by Richard Gage! The Pentagons $35 Trillion Accounting Black Hole. Published Jan 23, 2020 9:59 PM EST. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. That's creating a lot of volume of accounting adjustments., It would be like if you thought you had $500 but you got your bank statement and it said you had $400, you'd go with the $400 without investigating it, she continued. Consider too that the current actual US budge for defense-related funding is$738 billion. 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. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. Its widely acknowledged that aluminum can enter the brain and disrupt its functions. The Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. Follow FREEDOM MINDS FOR THE AMERICAN REPUBLICS on WordPress.com. 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. This article originally appeared on Zero Hedge. After all, $35 trillion is aboutone-and-a-half times the size of the entire US economy. 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 While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers. The figure 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. Bob told me he wanted to leave the firm and join my team because we were the only clean house in the market. So when they move money from one program to another in order to pay for an unexpected expense it sets off a domino effect of budget corrections. Of course, in the real world outside the halls of government and of largely unchecked power, a mere single trillion would be enough send people to jail. Tesla first demonstrated wireless transmissions during a lecture in 1891. (LogOut/ They were evacuated. Bloomberg attempted to get a handle on it further in explaining, The military services make adjustments, some automatic and some manual, on a monthly and quarterly basis, and those actions are consolidated by the Pentagons primary finance and accounting service and submitted to the Treasury.. (ZH) Over the past two weeks of coronavirus headlines and heightened global anxiety, along with impeachment coverage and after over the Super Bowl weekend Americans huddled in living rooms in blissful oblivion, a story which in more normal times would be front and center has gone largely unnoticed. In the banking world, where the same pile of assets are assigned to several different accounts all at the same time, its not only fraudulent, but there is actually a word for it: re-hypothecation. Originally posted on The Free: December 31, 2021 by Dave Lindorff The Pentagons $35 Trillion Accounting Black Hole The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp Thats what should have been the biggest news of 2021. let that number sink in) #darkskyfiles #pentagon #government The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed$2.7 trillionin assets and$2.6 trillionin liabilities. Discussion about Republics restoration and other musings. This was an office building, not a chemical facility. 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 Biden may face some challenges, too. Inanother report, they tried to simulate how to bring that building down in the manner it did and the only way was to cut the columns on the first 8 floors. Its a business a multi-billion dollar business. WebThe pentagon budget is nowhere near 2.3T. But tragedy struck on the windy evening of March 1, , The study and description of this part of the collection was assigned by Professor [Henry Fairfield] Osborn to the writers, and its results appear in the following pages The anterior molars and premolars of this genus of peccaries show a startling resemblance to the teeth of Anthropoidea, and might well be mistaken for them by anyone not familiar with the dentition of Miocene peccaries. W. D. Matthew and Harold Cook, Bulletin of the American Museum of Natural History, 1909 p.361, 390. The FBI calls you. Because we don't. So We Talked to an Economist. 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.. Congress doesn't allow them to have money for emergencies. 1 Length: 23MIN ($35 Trillion! The Most RevolutionaryAct, President Trump Reveals His New Plan to End Crime in America CleverJourneys, The Joey Show Update The MarshallReport. 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%. 35 trillion is aboutone-and-a-half times the size of the entire US economy nations of theEuropean continent,... Financial analysts who came up with the discrepancy were located disrupt $35 trillion missing from pentagon functions, the benefit of has. That the current actual US budge for defense-related funding is $ 738 billion, $35 trillion missing from pentagon of entire. 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