Daily Archives: November 27, 2018

Exclusive: The Pentagon’s Massive Accounting Fraud Exposed

The Nation has the article Exclusive: The Pentagon’s Massive Accounting Fraud Exposed.

Here is what Bernie Sanders had to say about the situation.

The Defense Department remains the only federal agency in America that hasn’t been able to pass an independent audit – 28 years after Congress required it to do so. Why is this issue so important? According to a recent report from Michigan State University, between 1998 and 2015, the Pentagon has been unable to trace, document or explain, are you ready for this, $21 trillion in financial transactions. Yes, that’s trillion with a “T.”

Over and over again, our Republican friends tell us that we cannot possibly afford to join the rest of the industrialized world and guarantee health care as a right to every man, woman and child through a Medicare for all program.

We have been told that we cannot afford to make public colleges and universities tuition-free, or make sure that everyone in America has access to affordable housing, childcare, or a good job that pays a living wage with good benefits.

But when it comes to spending $716 billion a year on the military – more than the next ten countries combined – all of a sudden there is a deafening silence from my Republican colleagues about the deficit.

That is unacceptable. The time is long overdue for us to take a hard look at the enormous amount of waste, at the cost overruns, at the fraud, and at the financial mismanagement that has plagued the Pentagon for decades.

I have been avoiding reading stories like this. The $21 Trillion seemed like such a ridiculous number. This has been going on so long, that it cannot be attributed to Republicans alone. Moreover, given the need for top secret programs in the Department of Defense, there is some justification for obfuscation in the books. (I onetime read a story where even reporting the amount of money used to buy peanut butter was classified. The premise was that reporting such a number would give clues to the enemy about staffing levels.)

I have no idea what the remedy is.