DOD's Years of Massive, Unconstitutional Fraud Exposed

raj

Oct 2018
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Somewhere they can't find me.
On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest single cost center—the Pentagon receives two of every three federal tax dollars collected—after the Pentagon failed for decades to audit itself. ...

For decades, the DoD’s leaders and accountants have been perpetrating a gigantic, unconstitutional accounting fraud, deliberately cooking the books to mislead the Congress and drive the DoD’s budgets ever higher, regardless of military necessity. DoD has literally been making up numbers in its annual financial reports to Congress—representing trillions of dollars’ worth of seemingly nonexistent transactions—knowing that Congress would rely on those misleading reports when deciding how much money to give the DoD the following year, according to government records and interviews with current and former DoD officials, congressional sources, and independent experts.


Exclusive: The Pentagon’s Massive Accounting Fraud Exposed


There's plenty of blame here to go around, but certainly the Trump Administration has proudly poured its share of "coal, wonderful coal" onto the fire.

And guess what? It's our money...lots of it...they've been burning up.

But sure...let's listen to the GOP tell us again how we have to cut "entitlements" and why we can't afford a single-payer national healthcare system and better schools.

What a sad, sick, fucking joke of a country we've become!
 
Jan 2007
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On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest single cost center—the Pentagon receives two of every three federal tax dollars collected—after the Pentagon failed for decades to audit itself. ...

For decades, the DoD’s leaders and accountants have been perpetrating a gigantic, unconstitutional accounting fraud, deliberately cooking the books to mislead the Congress and drive the DoD’s budgets ever higher, regardless of military necessity. DoD has literally been making up numbers in its annual financial reports to Congress—representing trillions of dollars’ worth of seemingly nonexistent transactions—knowing that Congress would rely on those misleading reports when deciding how much money to give the DoD the following year, according to government records and interviews with current and former DoD officials, congressional sources, and independent experts.


Exclusive: The Pentagon’s Massive Accounting Fraud Exposed


There's plenty of blame here to go around, but certainly the Trump Administration has proudly poured its share of "coal, wonderful coal" onto the fire.

And guess what? It's our money...lots of it...they've been burning up.

But sure...let's listen to the GOP tell us again how we have to cut "entitlements" and why we can't afford a single-payer national healthcare system and better schools.

What a sad, sick, fucking joke of a country we've become!
So eight years of Obama didn't get this straightened out?

F-35 sucked a ton of money and cost over runs out of the budget.
 

raj

Oct 2018
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7,742
Somewhere they can't find me.
So eight years of Obama didn't get this straightened out?

F-35 sucked a ton of money and cost over runs out of the budget.

Skidmore and his graduate students expanded their inquiry, examining OIG reports on Pentagon financial records stretching back to 1998. Time and again, they found that the amounts of money reported as having flowed into and out of the Defense Department were gargantuan, often dwarfing the amounts Congress had appropriated: $1.7 trillion in 1998, $2.3 trillion in 1999, $1.1 trillion in 2000, $1.1 trillion in 2007, $875 billion in 2010, and $1.7 trillion in 2012, plus amounts in the hundreds of billions in other years.

Like I said, there's plenty of blame to go around, although I'd hazard a guess it hit its first peak under Dubya and will hit another under Trump.
 
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Jan 2007
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Like I said, there's plenty of blame to go around, although I'd hazard a guess it hit its first peak under Dubya and will hit another under Trump.

Tons of unaccounted for money went into the black hole.

F-35 fiasco was just one of many programs that cost a fortune.
 
Jan 2007
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The military complex is an employment program for all the states involved. Everyone wants a piece of the action. The amount of money lost to corruption, diversion, waste is probably immense and unknown.
 
Feb 2011
17,042
6,084
Boise, ID
On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest single cost center—the Pentagon receives two of every three federal tax dollars collected
As if The Nation weren't being intellectually dishonest enough, you go in and edit what they said to make it flat out incorrect. Why did you delete the word "discretionary" between "single" and "cost center?" Being dishonest undermines the entire rest of the story, because you're starting out with a false statement.

It's quite believable that GASB standards are not being upheld with defense spending, and has been reported on elsewhere, but the strongest argument to made to this effect is to cite the audit opinion from Ernst and Young, not a poorly cited partisan hack website.
 

raj

Oct 2018
5,485
7,742
Somewhere they can't find me.
As if The Nation weren't being intellectually dishonest enough, you go in and edit what they said to make it flat out incorrect. Why did you delete the word "discretionary" between "single" and "cost center?" Being dishonest undermines the entire rest of the story, because you're starting out with a false statement.

It's quite believable that GASB standards are not being upheld with defense spending, and has been reported on elsewhere, but the strongest argument to made to this effect is to cite the audit opinion from Ernst and Young, not a poorly cited partisan hack website.

Are you serious? I didn't edit a fucking thing.

If there were any changes made, it was added to the piece after I quoted it.

You ought to watch your accusations.
 
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Are you serious? I didn't edit a fucking thing.

If there were any changes made, it was added to the piece after I quoted it.

You ought to watch your accusations.
Then you quoted a bad article from a source that apparently has incompetent editors and fact-checkers (if they even have any). Looks like you didn't carefully read it and take note of that before deciding to share it.

That's what you get for seeking your information from partisan hack sources.
 
Jul 2011
35,775
3,186
Tennessee
On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest single cost center—the Pentagon receives two of every three federal tax dollars collected—after the Pentagon failed for decades to audit itself. ...

For decades, the DoD’s leaders and accountants have been perpetrating a gigantic, unconstitutional accounting fraud, deliberately cooking the books to mislead the Congress and drive the DoD’s budgets ever higher, regardless of military necessity. DoD has literally been making up numbers in its annual financial reports to Congress—representing trillions of dollars’ worth of seemingly nonexistent transactions—knowing that Congress would rely on those misleading reports when deciding how much money to give the DoD the following year, according to government records and interviews with current and former DoD officials, congressional sources, and independent experts.


Exclusive: The Pentagon’s Massive Accounting Fraud Exposed


There's plenty of blame here to go around, but certainly the Trump Administration has proudly poured its share of "coal, wonderful coal" onto the fire.

And guess what? It's our money...lots of it...they've been burning up.

But sure...let's listen to the GOP tell us again how we have to cut "entitlements" and why we can't afford a single-payer national healthcare system and better schools.

What a sad, sick, fucking joke of a country we've become!
Defense does not receive 2/3's of all tax dollars.

The article lied.