Report: $8.5 Trillion Missing From Pentagon Budget

[Star Wars]

Special Report: The Pentagon's doctored ledgers conceal epic waste| Reuters

The Pentagon is the only federal agency that has not complied with a law that requires annual audits of all government departments. That means that the $8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996, the first year it was supposed to be audited, has never been accounted for. That sum exceeds the value of China's economic output last year.

The article is too big, so i havn't posted the entire article here.... But...Dayum !!!

 

[AugenBlick]

4x Indian GDP

 

[Menace2Society]

How do you spend $8.5 trillion?

 

[C130]

How do you spend $8.5 trillion?

black projects. graft??


sure could of used some of that fiat currency on infrastructure, but oh well.


could of imported 100,000 chinese to do it for the low low low cost too they built the railroads could of built the HSR on both coasts as well.

 

[Menace2Society]

black projects. graft??


sure could of used some of that fiat currency on infrastructure, but oh well.


could of imported 100,000 chinese to do it for the low low low cost too they built the railroads could of built the HSR on both coasts as well.

How much money you think you guys made on defense deals since 96?

 

[Star Wars]

black projects. graft??

They better have interstellar space travel and colonies in Alpha century with $8.5trillion .

 

[C130]

How much money you think you guys made on defense deals since 96?

black projects don't end up om the defense market.

 

[Menace2Society]

36931, member: 144317"]They better have interstellar space travel and colonies in Alpha century with $8.5trillion .[/QUOTE]

I was hoping an unmanned supersonic jet.

 

[Spectre]

There have been well documented reports of billions wasted on Iraq. Graft, Shady Halliburton contracts (Charging 900 USD for 2 USD actuator), cash payments to warlords etc are few of the reasons.

 

[northeast]

Corruption is a really serious problem in US.Maybe worse than China.A
little town officer can reap tens of millions from people.Just westerner controlled medias won't admit it.
Rita A. Crundwell (born January 10, 1953) was the appointed comptroller and treasurer of Dixon, Illinois, from 1983 to 2012, and the admitted operator of what is believed to be the largest municipal fraud in American history. She was fired in April 2012 after it was revealed that she had embezzled$53.7 million from the city over 22 years to support her championship American Quarter Horse breeding operation. [1][2][3][4] She pled guilty to her crimes and was sentenced to nearly 20 years in prison.[1]http://en.m.wikipedia.org/wiki/Rita_Crundwell

 

[northeast]

Everyone knows how much money had Bush and Chenry reap from their own country in the iraqi war.Tons of money.

 

[Galad]

Nothing to see here folks-move on!There is no corruption neither in USA nor in EU-just ask the usual suspects.If any small one(mind you) take place-worry not FBI will quickly takes care of it.The same way FBI takes care of rampant corruption at Wall Street and USA CONgress.

 

[Götterdämmerung]

Does anyone remember this? It was Donald Rumsfeld who announce in a press conference on 10th Sept. 2001 that 2.3 trillion USD was missing from the Pentagon. The next day, the accounting office of the Pentagon was hit by "an airplane". What a coincidence, ey?

 

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[VCheng]

Talk about a misleading title. It is not that any money is "missing", it is just that it has not been audited according to the standards of the new law. That is all.