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Michigan Post > Blog > Economics > Pentagon Lacking $824 Billion | Economics
Economics

Pentagon Lacking $824 Billion | Economics

By Editorial Board Published November 20, 2024 4 Min Read
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Pentagon Lacking 4 Billion | Economics

The Pentagon, funded by you—the taxpayer—has in truth NEVER handed an audit. Washington makes use of the Pentagon and Division of Protection as maybe its favourite cash laundering software. Numerous funds and provides vanish yr after yr, and nobody is ever investigated or punished. The corruption is blatantly in our faces. The latest gimmick of an audit revealed that the Pentagon is unable to account for an astounding $824 billion lacking from its price range. That is the seventh consecutive time that the Division of Protection has no less than admitted that the company “misplaced” a whole bunch of billions of {dollars}. The place are the funds?

There are twenty-eight separate reporting companies, additionally funded by the taxpayer. Fifteen of these companies obtained disclaimers, 9 obtained an unmodified audit opinion, and one obtained a certified opinion, whereas the remaining three companies have pending opinions. Final November, the Pentagon funneled about $187 million to the general public sector to conduct these dishonorable audits. The corruption by no means ends. They knew forward of the audits that the company wouldn’t come near passing. There may be zero regret.

The DoD has no concern for his or her failed audit as they’ve by no means felt repercussions for failing one. Michael McCord, Beneath Secretary of Protection (Comptroller) and Chief Monetary Officer, dared to say that he wouldn’t essentially name $824 billion in lacking funds a “failed audit.” McCord additionally mentioned to not fear because the Pentagon ought to have the ability to alter its audits to go by 2028. The federal government can misuse our funds, however we’d be imprisoned for failing to provide them their cash by means of 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 mentioned. Really, that scholar could be held again and compelled to finish the necessities for his or her grade stage. Might you steal the cash from somebody’s pockets and name it an act of kindness for returning the change? This severely indebted nation supplied the $824 billion to this slush fund of a division. The place is our cash? Why has this company by no means been held accountable? I presume the pockets run deep and the variety of gamers concerned would smear a portion of the institution domestically and internationally.

SEC World Trade Center WTC7

Don’t forget that when a whistleblower admitted the Pentagon has $2.3 trillion in unaccounted funds, a number of main buildings in New York fell and began a contagion of occasions. The company has by no means defined the whereabouts of these funds nor has it defined the trillions which have gone lacking since then. The WTC7 demolition on 9/11 destroyed the room the place the Pentagon audit was going down and likewise occurred to be the situation of my laptop system. I obtained an evidence from the SEC that all the things had merely been destroyed and no additional questions have been permitted.

I do hope that Donald Trump’s administration drains the swamp and holds EVERY federally funded division accountable for passing audits. That is really a shame and a slap within the face to Individuals who’ve been funding authorities mismanagement for generations.

TAGGED:ArmstrongBillionEconomicsmissingPentagon
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