Into Whose Pockets Did the Missing $trillions of our money go?

January 22, 2023 | Categories: Guest Contributions | Tags: |  Print This Article

Into Whose Pockets Did the Missing $trillions of our money go?

Pentagon can’t account for $220 billion in gov’t property, fails fifth audit | 18 Jan 2023 | A Tuesday report by the Government Accountability Office revealed that the Department of Defense failed its fifth audit in a row after it could not account for at least 220 billion in government-furnished property, the Daily Caller News Foundation reported. The DOD has been mandated by federal law to complete audits since 1994; however, the mandate was ignored for decades due to the agency’s massive size, according to Military dot com. Since launching its first independent audit, in 2017 the Pentagon has never passed. The Pentagon failed its fifth audit in November after the agency could not prove expenditures for 61% of its 3.5 trillion in assets. To perform this year’s overall audit of the DOD, which was expected to cost 218 million, the agency aggregated 27 separate audits conducted by approximately 1,600 auditors. According to Military.com, the auditors performed 220 in-person site visits and 750 virtual site visits.  https://www.theblaze.com/news/pentagon-can-t-account-for-220-billion-in-gov-t-property-fails-fifth-audit 

Remember: on 9/11 whatever hit the Pentagon wiped out the documents and experts reviewing them looking for the missing $trillion.  That was 22 years ago.