we are so good at it that we really need to tell others...

[NastyWoman]

how much to spend on defense?

This should go to the top of the WTF file of the ages:

"The Pentagon made $35 trillion in accounting adjustments last year alone -- a total that’s larger than the entire U.S. economy and underscores the Defense Department’s continuing difficulty in balancing its books. The latest estimate is up from $30.7 trillion in 2018 and $29 trillion in 2017, the first year adjustments were tracked in a concerted way, according to Pentagon figures and a lawmaker who’s pursued the accounting morass. ..."

www.msn.com/en-us/money/companies/pentagon-racks-up-dollar35-trillion-in-accounting-changes-in-one-year/ar-BBZcVdy?ocid=ientp

[Deleted]

From the link, it's not really how to spend on defense.

Quote;  “Within that $30 trillion is a lot of double, triple, and quadruple counting of the same money as it got moved between accounts,” said Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies.

Quote;  The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed $2.7 trillion in assets and $2.6 trillion in liabilities. While auditors found no evidence of fraud in the review of finances that Congress required, they flagged a laundry list of problems, including accounting adjustments.

www.msn.com/en-us/money/companies/pentagon-racks-up-dollar35-trillion-in-accounting-changes-in-one-year/ar-BBZcVdy?ocid=ientp



File this in the needless hyperbole department, under the need to sell more commercial time, lost to declining viewership.  

[NastyWoman]

Jan 24, 2020 13:58:56 GMT -5 @x said:

From the link, it's not really how to spend on defense.

Quote;  “Within that $30 trillion is a lot of double, triple, and quadruple counting of the same money as it got moved between accounts,” said Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies.

Quote;  The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed $2.7 trillion in assets and $2.6 trillion in liabilities. While auditors found no evidence of fraud in the review of finances that Congress required, they flagged a laundry list of problems, including accounting adjustments.

www.msn.com/en-us/money/companies/pentagon-racks-up-dollar35-trillion-in-accounting-changes-in-one-year/ar-BBZcVdy?ocid=ientp



File this in the needless hyperbole department, under the need to sell more commercial time, lost to declining viewership.  

I am not amazed the auditors found no fraud. Who would be able to find anything in a $35,000,000,000,000?  A couple of tens of millions just disappear in the big pile. Now mind you I am not saying with any certainty that fraud was committed,  but I am saying that there is no way in hell anyone can claim there was no fraud because the auditor found no evidence of it

[Deleted]

Jan 24, 2020 18:39:50 GMT -5 NastyWoman said:

Jan 24, 2020 13:58:56 GMT -5 @x said:

From the link, it's not really how to spend on defense.

Quote;  “Within that $30 trillion is a lot of double, triple, and quadruple counting of the same money as it got moved between accounts,” said Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies.

Quote;  The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed $2.7 trillion in assets and $2.6 trillion in liabilities. While auditors found no evidence of fraud in the review of finances that Congress required, they flagged a laundry list of problems, including accounting adjustments.

www.msn.com/en-us/money/companies/pentagon-racks-up-dollar35-trillion-in-accounting-changes-in-one-year/ar-BBZcVdy?ocid=ientp



File this in the needless hyperbole department, under the need to sell more commercial time, lost to declining viewership.  

I am not amazed the auditors found no fraud. Who would be able to find anything in a $35,000,000,000,000?  A couple of tens of millions just disappear in the big pile. Now mind you I am not saying with any certainty that fraud was committed,  but I am saying that there is no way in hell anyone can claim there was no fraud because the auditor found no evidence of it

Your asking to prove a negative. 

Russel's teapot.