Has our government spent 21 trillion of our money without telling us?

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Canuckster
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Has our government spent 21 trillion of our money without telling us?

Postby Canuckster » Mon May 21, 2018 4:16 pm

https://www.forbes.com/sites/kotlikoff/ ... fa75e57aef :twisted:

Ummmmm

Yep,


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


On July 26, 2016, the Office of the Inspector General (OIG) issued a report “Army General Fund Adjustments Not Adequately Documented or Supported”. The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments. According to the GAO's Comptroller General, "Journal vouchers are 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 or are not tied to specific accounting transactions…. For an auditor, journal vouchers are a red flag for transactions not being captured, reported, or summarized correctly."

(Note, after Mark 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. Fortunately, Mark copied the July 2016 report and all other relevant OIG-reports in advance and reposted them here. Mark has repeatedly tried to contact Lorin Venable, Assistant Inspector General at the Office of the Inspector General. He has emailed, phoned, and used LinkedIn to ask Ms. Venable about OIG's disclosure of unsubstantiated adjustments, but she has not responded.)


Given that the entire Army budget in fiscal year 2015 was $120 billion, unsupported adjustments were 54 times the level of spending authorized by Congress. The July 2016 report indicates that unsupported adjustments are the result of the Defense Department's "failure to correct system deficiencies." The result, according to the report, is that data used to prepare the year-­end financial statements were unreliable and lacked an adequate audit trail. The report indicates that just 170 transactions accounted for $2.1 trillion in year—end unsupported adjustments. No information is given about these 170 transactions. In addition many thousands of transactions with unsubstantiated adjustments were, according to the report, removed by the Army. There is no explanation concerning why they were removed nor their magnitude. The July 2016 report states, "In addition, DFAS (Defense Finance and Accounting Service) Indianapolis personnel did not document or support why DDRS (The Defense Department Reporting System) removed at least 16,513 of 1.3 million feeder file records during the Third Quarter."

An appendix to the July 2016 report shows $2 trillion in changes to the Army General Fund balance sheet due to unsupported adjustments. On the asset side, there is $794 billion increase in the Army's Fund Balance with the U.S. Treasury. There is also an increase of $929 billion in the Army's Accounts Payable. This information raises additional major questions. First, what is the source of the additional $794 billion in the Army's Fund Balance? This adjustment represents more than six times appropriated spending. Second, do these transfers represent a flow of funds to the Army beyond those authorized by Congress? Third, were these funds authorized and if so when and by whom? Fourth, what is the source of these funds? Finally, the $929 billion in Accounts Payable appears to represent an amount owed for items or services purchased on credit. What entities have received or will receive payment?

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The July 2016 report is not the only such report of unsubstantiated adjustments. Mark Skidmore and Catherine Austin Fitts, former Assistant Secretary of Housing and Urban Development, conducted a search of government websites and found similar reports dating back to 1998. While the documents are incomplete, original government sources indicate $21 trillion in unsupported adjustments have been reported for the Department of Defense and the Department of Housing and Urban Development for the years 1998-2015.


While government budgets can be complex, our government, like any business, can track receipts and payments and share this information in ways that can be understood by the public. The ongoing occurrence and gargantuan nature of unsupported, i.e., undocumented, U.S. federal government expenditures as well as sources of funding for these expenditures should be a great concern to all tax payers.

Taken together these reports point to a failure to comply with basic Constitutional and legislative requirements for spending and disclosure. We urge the House and Senate Budget Committee to initiate immediate investigations of unaccounted federal expenditures as well as the source of their payment.

PS, On December 11, 2017 we learned that the key documents had been reposted on the OIG website, but with different URLs. On October 5, 2017 we discovered that the link to the report “Army General Fund Adjustments Not Adequately Documented or Supported” had been disabled. Within a several days, the links to other OIG documents we identified in our search were also disabled. The sequential non-random nature of this disabling process suggests a purposeful decision on the part of OIG to make key documents unavailable to the public via the website, as opposed to website reorganization, etc. We also revisited the website intermittently to see whether the documents had been reposted under different URLs—until very recently they had not been reposted. The OIG link to the most report “Army General Fund Adjustments Not Adequately Documented or Supported”, which indicates $6.5 trillion in unsupported adjustments, can now be found here: We are currently searching the OIG website for the other reports and will share the links here once we have completed the search.

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Masato
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Postby Masato » Mon May 21, 2018 4:35 pm

Yes this has been a big concern of mine for many years.

I remember the DAY BEFORE 9/11, Donald Rumsfeld announced that there was 2.3 TRILLION missing from Pentagon accounts. The next day, 9/11 hit, the War on Terror was born and nobody asked anymore about the missing money. Lots of proof of this, vids of Rumsfeld saying it all over.

Harper as well announced 3.1 BILLION went 'missing' under his watch for undisclosed 'anti-terror funds'. Not in the Trillions but still signigficant, especially for Canada.

WHAT CAN BE DONE WITH TRILLIONS OF DOLLARS???

What concepts become possible when you have this much funds at your disposal??

Even trying to comprehend a Trillion dollars is really quite impossible. We can't fathom such amounts, its way way way bigger that any average person can conceive of IMO. Moreover, you are putting these enormous amounts in the hands of known evil persons.

Just try to imagine the most dastardly evil-villain plot from your typical Hollywood movie, and you have barely scratched a billion. We are talking TRILLIONS.

So what is it being spent on? I think it must be something, huge, something secret. Many talk of a 'secret space program', and I wonder if they're far off. Functioning starships and shit is really the scale of imaginings I think we need to entertain when trying to guess at what sort of agendas require 6.1 Trillion dollars.

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Masato
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Postby Masato » Mon May 21, 2018 4:37 pm

I think most big money in the world goes completely unaccounted for.

Whenever I see those 'Forbes 10 richest people' lists I always laugh.

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Canuckster
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Postby Canuckster » Mon May 21, 2018 5:29 pm

The fact that this article is in Forbes is questionable enough
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Masato
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Postby Masato » Mon May 21, 2018 7:43 pm








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Postby Masato » Mon May 21, 2018 8:43 pm

As far as I understand, under the recent US bank-bailouts, undisclosed banks received upward of 10 Trillion dollars

No one knows exactly which banks (or bankERS) received the funds, nor what was done with the funds.

Point is that this is WAY more money than any class of elites could ever hope to use for their own private indulgences. Even if they all bought mansions and yachts and vacations and ate at 5 star restaurants for every meal of their lives they still wouldn't even put a nick in it.

So clearly the finds are being used for something far more grandiose than mere power or pleasure. One of those vids said that with just 1 Trillion you could buy up every stock on the TSE or something to that effect.

So what is being funded? How big do you have to think to start racking up expenses in the Trillions?

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Canuckster
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Postby Canuckster » Mon May 21, 2018 9:13 pm

Well, since the military is responsible, I can't imagine what it would be for.
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Postby Masato » Mon May 21, 2018 9:43 pm

Canuckster wrote:Well, since the military is responsible, I can't imagine what it would be for.


Well OK then, but from what we see of their military operations, does the budget seem to match?

I mean according to the official story, they've been trying to 'secure' a bunch of destroyed ruins of a Middle East for like 18 years now, it don't look that great lol. Could it really cost 6.1 Trillion (PLUS the disclosed budget!) for them to do what they are doing?

It doesn't seem like what is visible is the real height of operations and spending. I am suspicious that there are huge programs going on, whether in space or antarctica etc :D that we have no idea about, that make visible US military look like a bunch a broken old junk. I always hear that the US military is so far ahead of the public in tech, so add to this a multi-trillion dollar budget and a bunch of sociopathic cult members and what can we imagine is happening?

Or does a bungled 18-year war against freaks in the desert really cost that much? I suppose I've never had to run a Pentagon so what would I know of it, maybe it does, lol Seems like a waste

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Canuckster
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Postby Canuckster » Mon May 21, 2018 11:52 pm

Actually, stated us military budget is 700 billion

So basically there is no oversight whatsoever on where $ goes
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Postby Megaterio Llamas » Tue May 22, 2018 3:13 am

The Office of The Inspector General eh :)


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