The Pentagon has secured a 630 billion dollar budget for next year, even
though it's failed to even account for the money it's received since
1996. A whopping 8.5 trillion dollars of taxpayer cash have gone to
defence programmes - none of which has been audited. This black budget
has sparked concerns over potential fraud, as Gayane Chichakyan reports.
A new report from Reuters has discovered widespread accounting
fraud at the Pentagon, describing a budget of more than $8 trillion
disappearing into a mess of corrupted data, erroneous reports, and
unauditable ledgers. Sources from the Department of Finance and
Accounting describe the arduous process of squaring the Navy's books
with the US Treasury outlays, dealing with obviously inaccurate numbers
or entries that were simply left blank. The data usually arrives just
two days before deadline, and supervisors direct the office to enter
false numbers — known as "plugs" — to square the accounts and conceal
the agencies' patchy bookkeeping. The result is fraudulent figures that
can reach as high as a trillion dollars in a single year, simply to make
the Pentagon books match the Treasury's budget.
The report
doesn't allege any specific instances of fraud, but rather a widespread
failure of accounting processes that have allowed for a staggering
quantity of waste and misallocation of resources. "I don't think they're
lying and cheating and stealing necessarily, but it's not the right
thing to do," Pentagon Comptroller Robert Hale told Reuters.
In
one example, the Army lost track of roughly $5.8 billion worth of
supplies between 2003 and 2011. That figure is troubling partially
because of the possibility for profiteering, but more so because of the
equipment shortages reported by soldiers in Iraq and Afghanistan during
those years. Those shortages were made significantly worse by what
Reuters describes as "the Pentagon's chronic failure to keep track of
its money."
The result has drawn widespread criticism from
Congress and Pentagon leaders alike, but it's unclear how close the
agency is to solving the problem. In 1996, the Clinton administration
mandated yearly audits on all federal agencies, but while every other
agency has complied with the order, the Pentagon has yet to undergo a
single audit, presumably because of the fraudulent figures that would be
unearthed. It's particularly ironic because, in the private sector,
this kind of intentionally misleading book-keeping is a criminal
offense. In 2011, Defense Secretary Leon Panetta announced that Pentagon
ledgers would be audit-ready in 2014, a full 18 years after federal law
first required annual audits for all government departments. As a
result of the report, Reuters concludes the Pentagon probably won't meet
the deadline, suggesting this waste may continue for years to come.
NEWS ON BOOZE : THE TRUTH THE NEWS WILL NOT TELL YOU . Your Source of Daily Alternative & Independent News a daily follow up of Investigative Journalists Whistleblowers Conspiracy Theorists Truthers Visionaries and Freedom Fighters . Freedom is real and attainable
Sunday, December 22, 2013
L A Marzulli ~ Coast To Coast AM Alternative HH
Coast To Coast AM Alternative
HAGMANN and HAGMANN Report started this network Where The truth Is told.About The truth and conspiracy A Great place for people to exchange information and ideas To Talk about a variety of topics related to The government,world,and galactic conspiracy.Are aliens real? Is the governments trying to take over the world? Discussion topics include UFOs,Conspiracy, Politics, Current Events, Secret Societies,Lunatic Fringe, Current Events,Secret Societies,Brainwashing & Mind Control,Ancient Mysteries, Top Secrets,911 Conspiracies,New World Order & Are we all just being decieved From This Deception.
HAGMANN and HAGMANN Report started this network Where The truth Is told.About The truth and conspiracy A Great place for people to exchange information and ideas To Talk about a variety of topics related to The government,world,and galactic conspiracy.Are aliens real? Is the governments trying to take over the world? Discussion topics include UFOs,Conspiracy, Politics, Current Events, Secret Societies,Lunatic Fringe, Current Events,Secret Societies,Brainwashing & Mind Control,Ancient Mysteries, Top Secrets,911 Conspiracies,New World Order & Are we all just being decieved From This Deception.
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L A Marzulli
Obamacare Debacle & NSA Surveillance - Fox News Sunday Panel w/ Chris Wallace - 12-22-13
This past week, the Obama administration has implemented yet MORE
changes to Obamacare as the rollout debacle continues. Also discussed
are the continue issues surrounding NSA SurveillanceFNC's Chris Wallace
hosts the panel comprised of George Will, Charles Krauthammer, Kirsten
Powers, and Juan Williams.
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