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The Pentagons Massive Accounting Fraud Exposed
Key Excerpts from Article on Website of The Nation
Posted: December 3rd, 2018
https://www.thenation.com/article/pentagon-audit-budget-frau...
On November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the governments largest single cost center - the Pentagon receives two of every three federal tax dollars collected - after the Pentagon failed for decades to audit itself. The firms concluded, however ... that a reliable audit was simply impossible. Now, a Nation investigation has uncovered an explanation for the Pentagons foot-dragging: For decades, the DoDs leaders and accountants have been perpetrating a gigantic, unconstitutional accounting fraud, deliberately cooking the books to mislead the Congress and drive the DoDs budgets ever higher, regardless of military necessity. DoD has literally been making up numbers in its annual financial reports to Congress - representing trillions of dollars worth of seemingly nonexistent transactions - knowing that Congress would rely on those misleading reports. When the DoD submits its annual budget requests to Congress, it sends along the prior years financial reports, which contain fabricated numbers. The fabricated numbers disguise the fact that the DoD does not always spend all of the money Congress allocates in a given year. However, instead of returning such unspent funds to the US Treasury, as the law requires, the Pentagon sometimes launders and shifts such moneys to other parts of the DoDs budget.
Note: Other than the above article, and weak Bloomberg and Reuters articles, the major media blatantly failed to report on the Pentagon's outrageous accounting failure. CNN posted one article not about the problem, but how the Pentagon claims they are fixing the problem. This demonstrates the military-industrial complex's strangle hold over media reporting. To understand just how serious and deep this problem is, see our carefully researched article using reliable sources to show how trillions are missing and reveal rampant deception and outright lying on the part of the Pentagon.
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