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Thread: Army Fudged Accounting To Disguise Missing Trillions

  1. #1

    Default Army Fudged Accounting To Disguise Missing Trillions

    Time for another terrorist attack.

    http://fortune.com/2016/08/19/us-arm...ing-misstated/

    The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.

    The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up.
    * Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

    * No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

    * Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

    * End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.




    Reprinted from http://www.ronpaul2012.com/the-issues/immigration/ [Nov. 29, 2011]



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  3. #2

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    Keeping us safe one dollar at a time.......

  4. #3

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    I'm sure the $400 hammers didn't help much
    No - No - No - No
    2016

  5. #4

    Default U.S. Army fudged its Accounts by Trillions of Dollars

    U.S. Army fudged its Accounts by Trillions of Dollars
    http://www.reuters.com/article/us-us...2F+Top+News%29

    The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.

    The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. …

    the Army’s financial statements for 2015 were “materially misstated,” … The “forced” adjustments rendered the statements useless because “DoD and Army managers could not rely on the data in their accounting systems when making management and resource decisions.” …

    The report affirms a 2013 Reuters series revealing how the Defense Department falsified accounting on a large scale as it scrambled to close its books. As a result, there has been no way to know how the Defense Department – far and away the biggest chunk of Congress’ annual budget – spends the public’s money. …

    “Where is the money going? Nobody knows,” said Franklin Spinney, a retired military analyst for the Pentagon ...

    For years, the Inspector General – the Defense Department’s official auditor – has inserted a disclaimer on all military annual reports. The accounting is so unreliable that “the basic financial statements may have undetected misstatements that are both material and pervasive.” …

    Jack Armstrong, a former Defense Inspector General official in charge of auditing the Army General Fund, said the same type of unjustified changes to Army financial statements already were being made when he retired in 2010. … “They don’t know what the heck the balances should be,” Armstrong said.


    At first glance adjustments totaling trillions may seem impossible. The amounts dwarf the Defense Department’s entire budget. Making changes to one account also require making changes to multiple levels of sub-accounts, however. That created a domino effect where, essentially, falsifications kept falling down the line. …

    rather than solving the disparity, DFAS personnel inserted a false “correction” to make the numbers match. DFAS also could not make accurate year-end Army financial statements because more than 16,000 financial data files had vanished from its computer system.
    "Let it not be said that we did nothing." - Dr. Ron Paul.
    "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
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  6. #5

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    I'm sure the I.R.S. is all over this. That is their job. Right? INTERNAL revenue service. Their job is to keep an accounting of every government bureaucracy. Right?
    Last edited by phill4paul; 08-19-2016 at 08:55 PM.
    Theye have refused their Assent to Laws, the most wholesome and necessary for the public good.

    Theye have erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

    Theye kept among us, in times of peace, Standing Armies

    Theye have combined with others to subject us to a jurisdiction foreign to our constitution,

    For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

    For cutting off our Trade with parts of the world:

    For imposing Taxes on us without our Consent:

    For depriving us in many cases, of the benefit of Trial by Jury:

    Theye plundered and destroyed the lives of our people.

    Theye are at this time transporting Armies of Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy of a civilized nation.

  7. #6

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    Quote Originally Posted by phill4paul View Post
    I'm sure the I.R.S. is all over this.
    I am also sure they have no idea where the money went. It is hard to keep track of this kind of money, it could be sitting in somebody's personal account and no one would be any wiser.
    The essential English leadership secret does not depend on particular intelligence. Rather, it depends on a remarkably stupid thick-headedness. The English follow the principle that when one lies, one should lie big, and stick to it. They keep up their lies, even at the risk of looking ridiculous.

  8. #7

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    Quote Originally Posted by timosman View Post
    I am also sure they have no idea where the money went. It is hard to keep track of this kind of money, it could be sitting in somebody's personal account and no one would be any wiser.
    Instead of targeting American taxpayers, if the I.R.S. were turned into a government bureaucracy that received 1% for every audit of Federal expenditures, that were misappropriated, or "lost" it would be the fastest growing, largest funded, bureaucracy in the U.S.
    Civil asset forfeiture against signatories alone might be worth trillions.
    Theye have refused their Assent to Laws, the most wholesome and necessary for the public good.

    Theye have erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

    Theye kept among us, in times of peace, Standing Armies

    Theye have combined with others to subject us to a jurisdiction foreign to our constitution,

    For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

    For cutting off our Trade with parts of the world:

    For imposing Taxes on us without our Consent:

    For depriving us in many cases, of the benefit of Trial by Jury:

    Theye plundered and destroyed the lives of our people.

    Theye are at this time transporting Armies of Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy of a civilized nation.

  9. #8

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    Quote Originally Posted by phill4paul View Post
    I'm sure the I.R.S. is all over this. That is their job. Right? INTERNAL revenue service. Their job is to keep an accounting of every government bureaucracy. Right?
    You've capitalized the wrong word: Internal REVENUE Service.

  10. #9

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    Quote Originally Posted by RJ Liberty View Post
    You've capitalized the wrong word: Internal REVENUE Service.
    They could make bank. A government agency that only get's a profit from auditing other government agencies. There's REVENUE there. They could honestly add tens of thousands employees a year as they incarcerated other Federal employees and took "Civil" asset forfeiture. They could move into other government employees homes and drive their cars!
    Theye have refused their Assent to Laws, the most wholesome and necessary for the public good.

    Theye have erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

    Theye kept among us, in times of peace, Standing Armies

    Theye have combined with others to subject us to a jurisdiction foreign to our constitution,

    For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

    For cutting off our Trade with parts of the world:

    For imposing Taxes on us without our Consent:

    For depriving us in many cases, of the benefit of Trial by Jury:

    Theye plundered and destroyed the lives of our people.

    Theye are at this time transporting Armies of Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy of a civilized nation.

  11. #10

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    Quote Originally Posted by phill4paul View Post
    They could make bank. A government agency that only get's a profit from auditing other government agencies. There's REVENUE there. They could honestly add tens of thousands employees a year as they incarcerated other Federal employees and took "Civil" asset forfeiture. They could move into other government employees homes and drive their cars!
    You are truly a visionary. This must now happen.






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