$6.5 TRILLION IS MISSING FROM OBAMA’S DEPARTMENT OF DEFENSE
Bob Unruh – WND Reports
A relatively obscure audit report from the Office of Inspector General of the United States Department of Defense suddenly is getting a lot of attention for what it apparently reveals: The Pentagon can’t account for $6.5 trillion.
At ArmstrongEconomics, the blog reported, “Once again, the office of inspector general has come up with a huge hole in the Department of Defense with a missing $6.5 trillion.”
The day before 9/11, Defense Secretary Donald Rumsfeld admitted $2.3 trillion was missing from the Defense Department budget, noted the blog.
That figure has now grown to $6.5 trillion and counting.
To get a handle on its magnitude, a pile of $100 bills in that amount would be enough to make every man, woman and child in the states of Colorado, Wyoming and South Dakota an instant millionaire.
The report, “Army General Fund Adjustments Not Adequately Documented or Supported,” started out with the goal of finding out whether the changes in the Army General Fund data during Fiscal Year 2015 to financial statements were “adequately documented and supported.”
The report concluded “the office of the assistant secretary of the army (Financial Management & Comptroller) (OASA[FM&C]) and the Defense Finance and Accounting Service Indianapolis (DFAS Indianapolis) did not adequately support $2.8 trillion in third quarter journal voucher (JV) adjustments and $6.5 trillion in yearend JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system-generated adjustments.”
Further, there was no indication of why 16,513 of 1.3 million records were removed from the budget system during the third quarter of FY 2015, the report said.
“As a result, the data used to prepare the FY 2015 AGF third quarter and yearend financial statements were unreliable and lacked an adequate audit trail,” the report said. “Furthermore, DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions.
“Until the Army and DFAS Indianapolis correct these control deficiencies, there is considerable risk that AGF financial statements will be materially misstated and the Army will not achieve audit readiness by the congressionally mandated deadline of Sept. 30, 2017.”
How to fix it?
The auditors said the “adjustments” in the system need to be monitored and verified, and the “system deficiencies” that triggered errors should be addressed.
The Armstrong Economics site commented: “Let[‘s] faced the truth. Government is incapable of managing even a bubblegum machine. They are completely hopeless. This money is lining the pockets of unknown people and it is funding unknown military operations.
“When will enough ever be enough? While the press micro-manages every word Trump utters, not a single one will [ever] investigate the massive government waste. Under the Obama administration, the total government spending on budget increased from $2.9 trillion to $3.9 trillion or about 32 percent while the off-budget increased 66 percent. This does not include the Quantitative Easing buying in debt by the Federal Reserve.”
The inspector general’s report said the military admitted there were problems.
“The deputy assistant secretary of the Army (Financial Operations), responding for the assistant secretary of the Army (Financial Management & Comptroller), and the director, DFAS Indianapolis, agreed with the recommendations,” the IG said.
While the military office promised to review system change requests, identify errors that result in unsupported adjustments and more, it still has failed to “provide an understanding of the reasons for system-generated JV adjustments,” the IG said.
It also has not addressed “the prioritization of system change requests for correcting system deficiencies resulting in JV adjustments.”
“Therefore, we request that the assistant secretary of the Army (Financial Management & Comptroller) and the director, DFAS Indianapolis, provide additional comments to this report by August 25, 2016,” the inspectors wrote.
One of the legacies of the Obama administration undoubtedly will be the doubling of the national debt during his eight years in office.
Currently at $19.4 trillion, the debt is projected to hit $20 trillion by Inauguration Day, up from $10.6 trillion when Obama entered the White House on Jan. 20, 2009.
Put in perspective, it means Obama will have added to the debt as much as all previous 43 presidents have done cumulatively.
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Funneled into the Muslim Brotherhood, Clinton Foundation and Obama’s pockets…..look no further.
Probably right. Maybe that’s where Obama got those billions to give to Iran. Also, reported 6 billion missing from Hillary’s State dept. Why isn’t MSM all over this?
msm got some of the money to keep quit i bet.
What else does this administration & Hillary need to do to be called grossly incompetent! I mean is there any crime left that they haven’t been involved in.
To keep things in perspective, $2.8 trillion was pre existing. Additionally, this administration inherited not one but 2 unfinanced wars from its predecessor. The current deficit, as a percentage if GDP (a more accurate depiction of debt since it reflect the debtor’s ability to pay) is at a near all time low. It would be less had Ted Cruz not forced a government shutdown, which lowered the US credit rating and increased the cost of borrowing money. But republicans have voted for all this wasteful foolishness.
Please do not confuse debt and deficit. There is no arguing that we are borrowing money that, as us just pointed out, we cannot repay. As we continue to give money to other countries that we do not have. We cannot continue live like Aging Benevolent Rock Stars using stolen credit cards getting DUI charges. There will be consequences! No matter who had been in the Whitehouse before or who is there now, whoever is there next will not have the free ride or popularity of recent former Presidents. They will either have to be a strict enforcer or be the Captain of the Failure.
As have the Democrats.
But the Democrats all votes to push the funding for the war back – and that still leaves 8 trillion dollars under Obama – nice try
Just more of obama and hilarys crooked politics padding theirs and all of their partners pockets,disapearing records, really, sounds like something I have heard before. OUR GOVERNMENT IS CORRUPT!
Robert Shankland is a Liberal Democrat Idiot !