Shock Report Reveals The Pentagon & HUD ”lost” $21 Trillion … Enough Money To Cover The Current National Debt!

418

The Pentagon and HUD can’t account for $21 trillion over just the past 17 years—enough money to pay back the current U.S. national debt.

pentagon debt money

What do you think it happens when someone doesn’t do his job right? That person would be the fire in any kind of business, right? Actually, if you lost a lot of money, there would probably be some civil prosecution that would take place after, but this is the government whom we are talking about, so of course, nothing happened.

The report was made by Reuters not so long ago and made many of us realize how bad the budgeting practices of the U.S. Department of Defense (DOD) had been until now. The main target of these accusations was the U.S. Army after it was revealed that the department had “lost” $6.5 trillion in 2015 due to “wrongful budget adjustments.”

Nearly half of that massive sum, $2.8 trillion, was lost in just one quarter. Reuters noted that the Army “lacked the receipts and invoices to support those numbers [the adjustments] or simply made them up” in order to “create an illusion that its books are balanced.”

Moreover, the report also found that between 1998 and 2015, these two departments lost more than 21 trillion in taxpayer funds, which is more than enough to pay back the national debt of the United States.

But who was the man who dared to defy these powerful institutions? Well, it turns out that it wasn’t just a man, there were two people involved who did their best to uncover the truth. Their names are Mark Skidmore, who works a professor of economics at Michigan State University, and Catherine Austin Fitts, former assistant secretary of housing analyzed the budgets of both the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD).

They were appalled by the discovery because they found out that these funds were a result of ”unsupported journal voucher adjustments” made to the departments’ budgets and this would be a serious problem in any private sector venture because it could lead to a ‘’potential fraud’’.

If you still don’t get what is this, the Office of the Comptroller provided a good definition of it:

They are defined as: “summary-level accounting adjustments made when balances between systems cannot be reconciled. Often these journal vouchers are unsupported, meaning they lack supporting documentation to justify the adjustment [receipts, etc.] or are not tied to specific accounting transactions.”

Do you want to know the worst part? The researchers couldn’t find more information the actual amount of fund lost since they were unable to recover data for every year in the past, so they could have lost even more money and we don’t even know it.

This report caught The Pentagon by surprise and force them to conduct its first audit in history and made the announcement recently, shocking everybody about how they didn’t seem to care about the amount lost.

They said: “Beginning in 2018, our audits will occur annually, with reports issued Nov. 15,” said David L. Norquist, the Defense Department’s comptroller.

Matt Agorist commented, “In 20 years, it has never accounted for the trillions of dollars in taxpayer funds it has spent, in part because ‘fudging’ the numbers have become standard operating procedure at the Department of Defense, as revealed in a 2013 Reuters investigation by Scot Paltrow, which detailed the illicit tasks of 15-year employee, ‘Linda Woodford [who]spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense’s accounts.’”

But there are many things that The Pentagon hasn’t responded yet, for example, are they going to audit other government departments besides the Department of Defense? No? Why?

For years The Pentagon had promised to Congress that they will do an audit every time that they were questioned about it, but it took something like this to finally do it, what else needs to happen before we get to the bottom of this and we manage to recover that money, is there anyone who is going to face criminal charges in this matter?


Source:
– http://www.mintpressnews.com/cooking-books-dod-hud-defrauded-taxpayers-of-21-trillion-from-1998-to-2015/232905/
– http://thewashingtonstandard.com/report-pentagon-hud-lost-21-trillion-look-new-terror-attack-cover/