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New Report Reveals $8.5 TRILLION Missing From Pentagon Budget (VIDEO)

To quote Senator Everett Dirksen, “A million here, a million there pretty soon you are talking about real money.” Dirksen, a Republican, died in 1969, but real money has mushroomed to trillions of dollars 44 years later thanks to the Fed and the MIC’s spend, spend, spend like there’s no tomorrow!

Scot Paltrow (reuters) : “Every other federal agency by law since the early 1990s not only has been audited, but with rare exceptions, passes an audit; and the Pentagon not only has never passed an audit, has never even been audited because its books are in such shambles.”


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Wonder how many accountants

are leaving the Pentagon, after all the last lot were vaporised.

Hmm, the last time we got

Hmm, the last time we got news like this that was reported in Congress, 9/11 happened.
I think we need to be paying some attention to this...

To climb the mountain, you must believe you can.

SteveMT's picture

Get your head around this: $8,500,000,000,000

The Fed is printing another $1,000,000,000,000/year.
Add in whatever Obamacare will end up costing, and anyone will conclude that this must end someday. It is unsustainable.

If you stack thousand dollar

If you stack thousand dollar bills flat, not end to end a trillion dollars would be 67 miles high.


Indeed, the new mantra for 2014!

"A trillion here, a trillion

"A trillion here, a trillion there pretty soon you are talking about real money.”

Slept through the billion

Chuck Hagel’s stance is disappointing

as one of the few Repubs who protested the Iraq war.
“Republican U.S. Secretary of Defense Chuck Hagel has the audacity to complain that $20 billion dollars in automatic sequester cuts to the massive and secretive $565.8 billion Defense Department budget are “too steep, too deep, and too abrupt,” all while the Pentagon and the Defense Department are overseeing massive fraud, waste, and abuse.”

This has been going on for a long time

Here's a news story from 3/3/2000:

Pentagon's finances in disarray

By JOHN M. DONNELLY The Associated Press 03/03/00 5:44 PM Eastern

WASHINGTON (AP) -- The military's money managers last year made almost $7 trillion in adjustments to their financial ledgers in an attempt to make them add up, the Pentagon's inspector general said in a report released Friday. The Pentagon could not show receipts for $2.3 trillion of those changes, and half a trillion dollars of it was just corrections of mistakes made in earlier adjustments.

Obviously these aren't numbers for any one year, they're cumulative. The annual budget for the Pentagon isn't nearly that big. But it's a huge problem and one they don't seem to have any real interest in solving.

Thanks for the article

and on the eve of 9/11 Rumsfeld announced the missing $2.3 trillion; we will likely never be told what Dov Zakheim’s money management responsibility in that entailed.


Not really "announced"

Rumsfeld mentioned it on 9/10/01 but the 2.3 trillion missing was announced in this report:
(page 3) in February, 2000. It was mentioned in congressional hearings a number of times before Rumsfeld mentioned it on 9/10/01. And the problem wasn't even announced in that 1999 report it's just the 2.3 trillion figure that was current at the time that showed up there. The previous year's report shows the same problem with a smaller figure (1.57 trillion) and since that's a cumulative figure obviously it didn't start in FY 1998 either.

What a mess!

The 2000 report mentions inadequate audit trails, untimely accounting, internal control weaknesses, compilation problems, financial management system deficiencies. A private business could never stay in business with such a shoddy operation.

What's a few missing trillion

What's a few missing trillion dollars between friends?