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    Home»World Economy

    Pentagon Missing $824 Billion | Armstrong Economics

    Team_NewsStudyBy Team_NewsStudyNovember 20, 2024 World Economy No Comments3 Mins Read
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    The Pentagon, funded by you—the taxpayer—has in truth NEVER handed an audit. Washington makes use of the Pentagon and Division of Protection as maybe its favourite cash laundering device. Numerous funds and provides vanish 12 months after 12 months, and nobody is ever investigated or punished. The corruption is blatantly in our faces. The latest gimmick of an audit revealed that the Pentagon is unable to account for an astounding $824 billion lacking from its price range. That is the seventh consecutive time that the Division of Protection has no less than admitted that the company “misplaced” tons of of billions of {dollars}. The place are the funds?

    There are twenty-eight separate reporting businesses, additionally funded by the taxpayer. Fifteen of these businesses acquired disclaimers, 9 acquired an unmodified audit opinion, and one acquired a professional opinion, whereas the remaining three businesses have pending opinions. Final November, the Pentagon funneled about $187 million to the general public sector to conduct these dishonorable audits. The corruption by no means ends. They knew forward of the audits that the company wouldn’t come near passing. There’s zero regret.

    The DoD has no concern for his or her failed audit as they’ve by no means felt repercussions for failing one. Michael McCord, Underneath Secretary of Protection (Comptroller) and Chief Monetary Officer, dared to say that he wouldn’t essentially name $824 billion in lacking funds a “failed audit.” McCord additionally mentioned to not fear because the Pentagon ought to be capable to alter its audits to cross by 2028. The federal government can misuse our funds, however we’d be imprisoned for failing to present them their cash via taxation.

    “So if somebody had a report card that’s half good and half not good, I don’t know that you simply name the coed or the report card a failure,” McCord mentioned. Truly, that scholar can be held again and compelled to finish the necessities for his or her grade stage. May you steal the cash from somebody’s pockets and name it an act of kindness for returning the change? This severely indebted nation supplied the $824 billion to this slush fund of a division. The place is our cash? Why has this company by no means been held accountable? I presume the pockets run deep and the variety of gamers concerned would smear a portion of the institution domestically and internationally.

    SEC World Trade Center WTC7

    Don’t forget that when a whistleblower admitted the Pentagon has $2.3 trillion in unaccounted funds, a number of main buildings in New York fell and began a contagion of occasions. The company has by no means defined the whereabouts of these funds nor has it defined the trillions which have gone lacking since then. The WTC7 demolition on 9/11 destroyed the room the place the Pentagon audit was happening and likewise occurred to be the situation of my laptop system. I acquired a proof from the SEC that all the things had merely been destroyed and no additional questions had been permitted.

    I do hope that Donald Trump’s administration drains the swamp and holds EVERY federally funded division accountable for passing audits. That is really a shame and a slap within the face to Individuals who’ve been funding authorities mismanagement for generations.



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