Light Reading: $6 Trillion Unaccounted for at DOD in 2015
So here's the report of a $6 Trillion error, or slight-of-hand, or slovenly behavior, or kerfuffle. Probably just a goof-up.
Dated last summer when all the kerfuffle was going on about stuff.
http://www.dodig.mil/pubs/documents/DODIG-2016-113.pdf
INSPECTOR GENERAL DEPARTMENT OF DEFENSE
4800 MARK CENTER DRIVE ALEXANDRIA, VIRGINIA 22350-1500
July 26, 2016MEMORANDUM FOR UNDER SECRETARY OF DEFENSE (COMPTROLLER)/ CHIEF FINANCIAL OFFICER
DIRECTOR, DEFENSE FINANCE AND ACCOUNTING SERVICE AUDITOR GENERAL, DEPARTMENT OF THE ARMY
SUBJECT: Army General Fund Adjustments Not Adequately Documented or Supported (Report No. DODIG-2016-113)We are providing this report for review and comment. Army and Defense Finance and Accounting Service Indianapolis personnel did not adequately support $2.8 trillion in third quarter adjustments and $6.5 trillion in yearend adjustments made to Army General Fund data during FY 2015 financial statement compilation. We conducted this audit in accordance with generally accepted government auditing standards…
FY 2015 Financial Statement Compilation Adjustments Not Supported or Documented
... Specifically,
• OASA(FM&C) and DFAS Indianapolis personnel did not adequately support $2.8 trillion in JV adjustments for third quarter and $6.5 trillion in JV adjustments for yearend, and
• DFAS Indianapolis personnel did not document or support why DDRS-B removed at least 16,513 of 1.3 million feeder file records during third quarter FY 2015...
Comments
Six Effing TRILLION dollars!
Missing!
And we can't even have reasonable health care!
Grrrrrr!!
"US govt/military = bad. Russian govt/military = bad. Any politician wanting power = bad. Anyone wielding power = bad." --Shahryar
"All power corrupts absolutely!" -- thanatokephaloides
More like
6 trillion in accounting errors, or unaccounted for.
How better to hide graft
than with fictive books?
Orwell: Where's the omelette?
The GDP of the entire US in 2015 was 18 trillion
UK GDP was 2.8 Trillion, GDP of Russia was 1.3 Trillion. So 2 UK economies or 4 Russian economies have been "lost" by the DOD.
USA GDP Google search
Beware the bullshit factories.
This is not the first or even
This is not the first or even second time that the DOD has lost trillions of tax payer money.
Instead of being asked to account for these loses Trump and the GOP wants to give them billions more
while at the same time destroying the safety net. We cannot afford Meals on Wheels, but the DOD gets a free pass for incompetence or right out theft.
Can't we just ask Halliburton?
I'm sure that they know where a good portion of that cash is.
Might want to check with the pmc contractor's too. I mean those several thousand a day salaries don't appear out of hats.
I do not pretend I know what I do not know.
Rumsfeld the Mad
reported, I think it was three TRillion, missing. For some reason I remember the date: 9/10, 2001.
They've gotten so much more efficient over there.
Though I should have always known it, reading this essay here made it crystal clear: the Forever War is about sucking the resources out of us to line their own pockets and pursue their lunatic schemes just as much as it is about stealing other nations' resources. National Security down low on the list of priorities.
Orwell: Where's the omelette?
Yup. National Security
means their financial interests, period. They use Security instead of Interests, how clever.
Only a fool lets someone else tell him who his enemy is. Assata Shakur
Yes,
I think defense spending is the black hole that disappears as much money as can be imagined. It underwrites all that can be termed as "wealth" in our country and beyond. It is unaccounted for because so much of the line items are about secret things, projects that can't be described openly, or seen by the public, lest our ENEMIES know what we're building, designing, deploying, working on. The secrecy creates a potential for immense abuse, which then creates a need to perpetuate the secrecy.