3 ms·

The tone and vulgar word choices of the article undermine its credibility. I’m glad they did because it inspired me to google the issue. Second result debunks i

by brd529 8y ago

The tone and vulgar word choices of the article undermine its credibility. I’m glad they did because it inspired me to google the issue. Second result debunks it: https://www.metabunk.org/debunked-missing-21-trillion-6-5-trillion-2-3-trillion-journal-vouchers.t9718/ https://www.metabunk.org/debunked-missing-21-trillion-6-5-tr... Per the DOD comptroller, the unsupported journal adjustments are a technical accounting term > when the military has to make quarterly or year-end financial statements, some entries, like the value of certain assets (like aircraft carriers) or liabilities (like pensions), have to be transferred either manually or by an automated but uncertified system. Because of this it's marked as "unsupported" because it lacks a rigorous audit trail. But it's not missing. It's just a long list of entries, like the value of the Navy's ships, that don't meet proper accounting standards

jabgrabdthrow 8y ago
It’s the military and it’s tax money. “Manually transferred” or “unsupported” or “doesn’t meet proper accounting standards” doesn’t debunk “can’t account for”, it directly supports that point!
3131s 8y ago
This article is terrible, but there are much better sources: https://www.reuters.com/article/us-usa-audit-army/u-s-army-fudged-its-accounts-by-trillions-of-dollars-auditor-finds-idUSKCN10U1IG https://www.reuters.com/article/us-usa-audit-army/u-s-army-f... https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-government-spent-21-trillion-of-our-money-without-telling-us/ https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-go... "The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up." The total of 21 trillion includes "adjustments" made by the U.S. Department of Housing and Urban Development in addition to branches of the Pentagon.

by brd529 8y ago

jabgrabdthrow 8y ago

It’s the military and it’s tax money. “Manually transferred” or “unsupported” or “doesn’t meet proper accounting standards” doesn’t debunk “can’t account for”, it directly supports that point!

3131s 8y ago

This article is terrible, but there are much better sources: https://www.reuters.com/article/us-usa-audit-army/u-s-army-fudged-its-accounts-by-trillions-of-dollars-auditor-finds-idUSKCN10U1IG https://www.reuters.com/article/us-usa-audit-army/u-s-army-f... https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-government-spent-21-trillion-of-our-money-without-telling-us/ https://www.forbes.com/sites/kotlikoff/2017/12/08/has-our-go... "The Defense Department’s Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. Yet the Army lacked receipts and invoices to support those numbers or simply made them up." The total of 21 trillion includes "adjustments" made by the U.S. Department of Housing and Urban Development in addition to branches of the Pentagon.