US Army can't blance their books, Looses Trillions!

[JackLuis]

The US Army was a little unsure account for trillions of dollars, the auditors found

NEW YORK: United States Army’s finances are so jumbled it makes trillions of dollars of improper accounting adjustments to create the illusion that the book A balanced.

Defense Department Inspector General, in a report in June, said the Army made US $ 2.8 trillion (RM11.2 trillion) in the wrong adjustments to accounting entries in a quarter of it in 2015, and US $ 6 , 5 trillion (RM26.1 trillion) this year. But the Army shortage of receipts and invoices to support the figures or just make them.

Consequently, the Army’s financial statements for 2015 is “material misstatement,” the report concluded. “Forced” adjustment given report is useless because the “Department of Defense and the Army of the manager can not rely on the data in their accounting system when making and resource management decisions.”

Disclosure manipulation Army number is the latest example of severe accounting problems interfere with the Department of Defense for decades.

The Pentagon is cooking the books and Congress ignores the fact. Why are we paying these assholes?

 

[JackLuis]

U.S. Army fudged its accounts by trillions of dollars, auditor finds

The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.

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.

As a result, the Army’s financial statements for 2015 were “materially misstated,” the report concluded. The “forced” adjustments rendered the statements useless because “DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions.”

Disclosure of the Army’s manipulation of numbers is the latest example of the severe accounting problems plaguing the Defense Department for decades.

The report affirms a 2013 Reuters series revealing how the Defense Department falsified accounting on a large scale as it scrambled to close its books. As a result, there has been no way to know how the Defense Department – far and away the biggest chunk of Congress’ annual budget – spends the public’s money.

The new report focused on the Army’s General Fund, the bigger of its two main accounts, with assets of $282.6 billion in 2015. The Army lost or didn’t keep required data, and much of the data it had was inaccurate, the IG said.

“Where is the money going? Nobody knows,” said Franklin Spinney, a retired military analyst for the Pentagon and critic of Defense Department planning.

The significance of the accounting problem goes beyond mere concern for balancing books, Spinney said. Both presidential candidates have called for increasing defense spending amid current global tension.

An accurate accounting could reveal deeper problems in how the Defense Department spends its money. Its 2016 budget is $573 billion, more than half of the annual budget appropriated by Congress.

Why is this not on the front page of every Paper and News site?

 

[BotanyBoy]

U.S. Army fudged its accounts by trillions of dollars, auditor finds



Why is this not on the front page of every Paper and News site?

Because in the last 8 years the MIC has gotten significantly more in bed with (D).

 

[1sickbastard]

U.S. Army fudged its accounts by trillions of dollars, auditor finds



Why is this not on the front page of every Paper and News site?

How would criticizing the military draw and audience to be delivered to the advertisers (for the "news" media) or secure political campaign contributions/voters (for the politicians)?
There's no profit motive in honest public service and precious few warm fuzzies either.

 

[JackLuis]

How would criticizing the military draw and audience to be delivered to the advertisers (for the "news" media) or secure political campaign contributions/voters (for the politicians)?
There's no profit motive in honest public service and precious few warm fuzzies either.

I wrote my Senators and Congressman about this yesterday and pointed out the Rumsfeld had announced on 9-10-2001 that the Pentagon had 'lost track of 'Bazillions" and couldn't account for it. So why has this not been addressed? I mean we supply >$500 bill a year to the Pentagon and treat our Generals like perfumed princes yet they just can't keep their own books. Maybe we need a Civilian Accounting Agency to balance the books before we pay the fucking top brass anything! Or if they cant account for 99.999% of the money, take it out of the General Officers pay!

 

[BotanyBoy]

I wrote my Senators and Congressman about this yesterday and pointed out the Rumsfeld had announced on 9-10-2001 that the Pentagon had 'lost track of 'Bazillions" and couldn't account for it. So why has this not been addressed? I mean we supply >$500 bill a year to the Pentagon and treat our Generals like perfumed princes yet they just can't keep their own books. Maybe we need a Civilian Accounting Agency to balance the books before we pay the fucking top brass anything! Or if they cant account for 99.999% of the money, take it out of the General Officers pay!

Only the (D) generals......Obama fires all the GO's that don't agree with him or tell him things he doesn't like.

When (R) gets in office it will switch back the other direction.

Also CIC is number 1 in the COC. Obama is da bauss, if anyone should answer for the military it should be CIC and his inept leadership.

 

[NeverEndingMe]

have to love government ... its where the retards work

 

[Sean Renaud]

First according to nobody did the MIC manage to crawl in bed with Clinton. One of Obama's huge negative points is that he "slashed" the military. Which really amounted to simply not growing them at quite the rate they were accustomed to. But more importantly has anybody explained how this is even possible? I mean physically, not morally. We're gonna round WAY up and say the military gets 1 trillion dollars a year. How the fuck do people getting a trillion dollars a year manage to lose multiple trillions? I mean it's pretty damn impressive if you manage to skim more money than you were given initially so what is the period of time we're actually talking about?

 

[phrodeau]

First according to nobody did the MIC manage to crawl in bed with Clinton. One of Obama's huge negative points is that he "slashed" the military. Which really amounted to simply not growing them at quite the rate they were accustomed to. But more importantly has anybody explained how this is even possible? I mean physically, not morally. We're gonna round WAY up and say the military gets 1 trillion dollars a year. How the fuck do people getting a trillion dollars a year manage to lose multiple trillions? I mean it's pretty damn impressive if you manage to skim more money than you were given initially so what is the period of time we're actually talking about?

That's just the budget. There's also all the cash flowing into the Pentagon from lobbyists, contractors, foreign interests, graft and protection money.

 

[mdbigdee]

In the Army funding is "use it all or lose it"so they must have taken the "lose it"part literally.

 

[Sean Renaud]

That's just the budget. There's also all the cash flowing into the Pentagon from lobbyists, contractors, foreign interests, graft and protection money.

Yeah but isn't most of THAT money unnofficial to begin with?

I just want a break down of what is claimed to be missing and over what period of time because again this sounds nuts.

 

[1sickbastard]

I wrote my Senators and Congressman about this yesterday and pointed out the Rumsfeld had announced on 9-10-2001 that the Pentagon had 'lost track of 'Bazillions" and couldn't account for it. So why has this not been addressed? I mean we supply >$500 bill a year to the Pentagon and treat our Generals like perfumed princes yet they just can't keep their own books. Maybe we need a Civilian Accounting Agency to balance the books before we pay the fucking top brass anything! Or if they cant account for 99.999% of the money, take it out of the General Officers pay!

Good for you.

But one well informed voter vs tens of thousands of low information voters for whom the accusation of "You hate the military which protects "Merika 'n our Freedumbs" is political suicide, not to mention all those jobs generated by pork-barrel spending on/by the military, it's no contest.

I'm going to guess you'll receive, if you haven't already, a standard form e-mail thanking you, the concerned citizen, for your input, and that the Honorable whoever is diligently working to keep our military great so it can protect your freedoms, followed by a list of talking points that have absolutely sweet fuck all to do with finding where the money went or how the issue will be addressed or the problem solved.

I might be projecting based on the responses I've received from my Congressman, Lamar Smith, or both my Senators, Teddy Cruz and Lindsey Graham on this subject (or any topic of concern which I've raised). Hopefully your experience will be different.

The problem is, one voter means jack-shit to these assclowns.

 

[dan_c00000]

Defense spending is a giant pork/stimulus/jobs plan that keeps a lot of people employed in towns that would otherwise have nothing.

 

[Hard_Rom]

Defense spending is a giant pork/stimulus/jobs plan that keeps a lot of people employed in towns that would otherwise have nothing.

The 15 billion CDN arms deal with the Saudis Canada negotiated will be good for London. We produce LAVs at the old diesel train plant. Shame really.

 

[JackLuis]

Good for you.

But one well informed voter vs tens of thousands of low information voters for whom the accusation of "You hate the military which protects "Merika 'n our Freedumbs" is political suicide, not to mention all those jobs generated by pork-barrel spending on/by the military, it's no contest.

I'm going to guess you'll receive, if you haven't already, a standard form e-mail thanking you, the concerned citizen, for your input, and that the Honorable whoever is diligently working to keep our military great so it can protect your freedoms, followed by a list of talking points that have absolutely sweet fuck all to do with finding where the money went or how the issue will be addressed or the problem solved.

I might be projecting based on the responses I've received from my Congressman, Lamar Smith, or both my Senators, Teddy Cruz and Lindsey Graham on this subject (or any topic of concern which I've raised). Hopefully your experience will be different.

The problem is, one voter means jack-shit to these assclowns.

I'm not expecting much from Diane and Barbra, the usual shit probably. My Congressman is a pretty good guy, who replace Dan Lungren two cycles ago, Dan was a self-serving asshat (R).

The IG's report response was that the Army 'would try to be able' to pass an audit in 2017! I'm going to follow up and suggest that General Officers who have been in GO paygrade since 2001 have half of their pay or retirement be withheld until the Pentagon can pass an audit, and that the FBI and the Treasury conduct a investigation as to how this was allowed to continue for 15 fucking years and those who are found guilty of malfeasance have their pay reduced until the 'lost' money is repaid.

 

[phrodeau]

And when US soldiers go begging for money to buy body armor, what's that about?

 

[mdbigdee]

From 2006 to 2009 the Army and the Marines bought 126,052 combat helmets from ArmorSource and FPI(its subcontractor) for the cost of $30,336,461. Most of these helmets were defective and dangerous for the wearer. FPI used substandard and not authorized materials,shoddy workmanship,the wrong type of paint and tools..and substituted serial numbers so the helmets could pass QC. And all of these helmets were made by prison inmates who were being payed pennies an hour. The recall of these helmets cost the government over $19 million dollars.

 

[JackLuis]

From 2006 to 2009 the Army and the Marines bought 126,052 combat helmets from ArmorSource and FPI(its subcontractor) for the cost of $30,336,461. Most of these helmets were defective and dangerous for the wearer. FPI used substandard and not authorized materials,shoddy workmanship,the wrong type of paint and tools..and substituted serial numbers so the helmets could pass QC. And all of these helmets were made by prison inmates who were being payed pennies an hour. The recall of these helmets cost the government over $19 million dollars.

Do us all a favor and write you congress critters about this, and include a citation. Ask them who went to jail for this fuck over of the troops?

Your Senators

Your Rep

It takes a few minutes to fill in the bullshit forms but that is the cost of Democracy.

This is not a D or R issue this is a American issue.

 

[BotanyBoy]

And when US soldiers go begging for money to buy body armor, what's that about?

Used to be they gave use so-so body armor because some senators bronado owned PointBlank body armor.

There is better armor out there so Joes who are smart go buy the good stuff and leave the issue shit in storage.

Haven't a clue what's going on today.

 

[1sickbastard]

And when US soldiers go begging for money to buy body armor, what's that about?

It's about increasing "defense" spending to "support the troops".

 

[darksecrets9996]

Obvious somebody is stealing

 

[JackLuis]

Obvious somebody is stealing

While that may be true and the FBI should take a hard look at it. I suspect that most of the "lost money" is due to simple incompetence in keeping the records. But I tend to be generous.

If we want this to end, General Officers should have half of their pay or retirement withheld until the Whole Pentagon can pass an audit with 99.999% of all monies accounted for. By holding those who are paid to be responsible for the responsibility to lead, responsible it may start a trend of competence in the Military.

In fact the whole Chain of Command from President on down to the last GO-1 should take the hit for this.

 

[1sickbastard]

While that may be true and the FBI should take a hard look at it. I suspect that most of the "lost money" is due to simple incompetence in keeping the records. But I tend to be generous.

If we want this to end, General Officers should have half of their pay or retirement withheld until the Whole Pentagon can pass an audit with 99.999% of all monies accounted for. By holding those who are paid to be responsible for the responsibility to lead, responsible it may start a trend of competence in the Military.

In fact the whole Chain of Command from President on down to the last GO-1 should take the hit for this.

I would also add all members of Congress to that list, particularly the House of Representatives which, by the Constitution, are responsible for the the national purse strings.

One of my political fantasies is a Constitutional Amendment which stipulates that if Congress passes a deficit budget and the POTUS signs it, the entire Congress and POTUS forfeit their pay for that year's budget. The second stipulation is that any who voted to pass said deficit budget forfeit not only that year's pay, but also all personal assets to help cover the deficit.

Of course, I also dream of ending PACs, SuperPACs and all private donations to elected officials campaigns, then taxing lobbyists and the firms that employ them at 110% of their gross earnings.

 

[phrodeau]

Forget the cash, where are all the guns?

http://www.nytimes.com/2016/08/23/m...d-afghanistan-hundreds-of-thousands.html?_r=0

In one of many examples, a 2007 Government Accountability Office report found that 110,000 Kalashnikov assault rifles and 80,000 pistols bought by the United States for Iraq’s security forces could not be accounted for — more than one firearm for every member of the entire American military force in Iraq at any time during the war. Those documented lapses of accountability were before entire Iraqi divisions simply vanished from the battlefield, as four of them did after the Islamic State seized Mosul and Tikrit in 2014, according to a 2015 Army budget request to buy more firearms for the Iraqi forces to replace what was lost.

 

[underguy1]

That's just the budget. There's also all the cash flowing into the Pentagon from lobbyists, contractors, foreign interests, graft and protection money.

Money flows out of the Pentagon, not in.