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originally posted by: Bluntone22
a reply to: drewlander
Check this one out.
Another 21 trillion unaccounted for..
Skidmore and his students’ analysis used publicly available government documents from the two agencies’ websites to expose this inconsistency. Shortly after Skidmore published his findings, both agencies removed those documents from public access.
The Army’s annual budget for FY 2015 was $122 billion, meaning that an adjustment for inadequate transactions might be around $1.2 billion. The Army’s actual adjustments for FY 2015 were $6.5 trillion – 54 times what it was authorized to spend.
That amount of unauthorized, “missing” money is equivalent to about $65,000 for every person in America. The government has estimated that the federal deficit sits at around $20 trillion, an entire $1 trillion less than what Skidmore found to be missing in these adjustments.