Thursday, May 17, 2018

Government Bookkeeping: The Pentagon Cannot Account For $21 Trillion | The Daily Sheeple

Government Bookkeeping: The Pentagon Cannot Account For $21 Trillion | The Daily Sheeple
"Leave it to the government to break the very rules they themselves have put into place.  
The Pentagon is supposed to keep an accounting record of monetary transactions, yet they can’t account for $21 trillion of spent money.
For the fiscal year of 2015 alone, the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments, according to Forbes 
That’s not exactly in line with the rules they laid out for themselves:
“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution
...Mark Skidmore, a professor of economics at Michigan State University began looking into the OIG report and the trillions in unaccounted for money spent by the Pentagon. 
Not long after Skidmore began inquiring about OIG-reported unsubstantiated adjustments, the OIG’s webpage, which documented, albeit in a highly incomplete manner, these unsupported “accounting adjustments,”  was mysteriously taken down. 
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