It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Perhaps you might like to consider the possibility that what you think is waste, is in fact not waste all but piggy banking.
Piggy banking in that they are using a range of different devices to hide money and later transfer it into a piggy bank that was set up for a particular top secret project.
originally posted by: jjkenobi
Anything the govt is in charge of will have fraud and wasted funds.
Why anyone wants to give them more power and put them in charge of more things is maddening.
I don't doubt that waste/corruption is rampant, I'm just saying you gotta look into the details.
originally posted by: 727Sky
All I can say is anyone who thinks they can justify ONE MILLION dollars for a couple of washers must be connected to the MIC as they seem more than happy to not even blink an eye at the absurdity... They even try to justify such a ridiculous item's cost.
The F-16 pulley puller for over 13,000 is a piece of metal with 4 bolts you can hold in a child's hand with an initial cost of 13,000+ that none of them worked on the first production run; oh well !.. Even after the redo each pulley puller cost 8000+ for something a high school kid could make in a metal shop...
IMO it is stuff like this that will have us in a world of hurt if we ever have to fight a first tier battle as our few in numbers low mission ready gold plated, ships, planes and military hardware will be over run by crap that does not have million dollar washers installed !
originally posted by: face23785
originally posted by: 727Sky
Probably a good idea as the R&D money for the new super weapon could probably pay off every student loan and buy everyone in America a million dollar house; washer not included (sarc).
I think your math is way off.
This column is co-authored with Mark Skidmore, a Professor of Economics at Michigan State University.
In our prior column, Mark and I wrote about $21 trillion in unaccounted government transactions, primarily on defense. The DOD's (Department of Defense) as well as HUD's (Department of Housing and Urban Development) Offices of Inspector General (OIG) reference these transactions as "unsupported journal voucher adjustments." This is polite accounting language for lost, hidden or stolen money. If such "adjustments" were small, it would be one thing. But they totaled some $21 trillion between 1998 and 2015!
The origin of our column was a report, released some nine months ago, by Mark and Catherine Austin Fitts. Catherine is a former (under Bush 1) Assistant Secretary of that the Department of Housing and Urban Development (HUD).Billions in unaccounted government transactions ($278.5 billion in 2015 alone!) emanating from HUD originally caught Catherine's attention in 2000 in connection with subsequent responsibilities as lead financial advisor to the Federal Housing Administration (FHA). Catherine was unable to secure an explanation for HUD's lost money and became concerned that something terribly inappropriate might be going on at HUD and DOD and in the related financial markets without the public's knowledge. She has remained concerned for years and shared her concern with Professor Skidmore more than a year ago. From then till now, Fitts and Skidmore have repeatedly asked the DOD's OIG to explain why it can't account for trillions in apparent irregular if not illegal outlays. They've received no response whatsoever apart from acknowledging the requests.
originally posted by: 727Sky
a reply to: face23785
If all the articles are fake news someone needs to set them straight and who knows you may just be the person for the job.. I would bring paperwork for your argument because from what I have seen the authors have the paperwork to back up their claims; maybe Zap could help you out there. Kinda like the million dollar washers in the video with dates and time; if fake sic em ..
It comes from an analysis of the Pentagon’s “unsupported journal voucher adjustments,” by Mark Skidmore, an economist at Michigan State University. The term refers to improperly documented accounting adjustments that are made when different financial ledgers do not match.
In other words, $21 trillion is the total value of adjustments made to the Pentagon’s financial records over those years that could not be traced.
That is not the same thing as $21 trillion in spending.
David Norquist, the Pentagon’s comptroller, explained in testimony to Congress in January that the adjustments occur after money is spent because “we have systems that do not automatically pass data from one to the other.”
For example, Mr. Norquist said, the Army’s general ledger may initially estimate the cost of property and equipment. That estimate is later updated with a more specific cost, based on the actual value of property.
Journal vouchers are summary-level accounting adjustments made
when balances between systems cannot be reconciled. Often these
journal vouchers are unsupported, meaning they lack supporting
documentation to justify the adjustment or are not tied to specific
accounting transactions. While many adjustments are valid, having
too many journal vouchers may be an indicator of underlying
problems, such as weak internal controls.
For an auditor, journal vouchers are a red-flag for transactions not
being captured, reported, or summarized correctly. Auditors must
judge whether the errors that triggered the journal voucher are
isolated or systemic, leading them to select more transactions to test.
If the auditors cannot estimate the magnitude of the errors, they may
not be able to complete the audit or issue an opinion on the financial
Look no further than the F-22 program with 195 originally built and supposedly no way (to costly) to start the production line back up even though the need is still supposedly there ...
As a matter of fact it would take about 5 minutes to find programs where billions were spent (all services) and the program got cancelled or the finished product (after 10+ years behind schedule) does not meet the mission needs and even after delivery it is broke most of the time needing million dollar washers or some other outlandishly expensive part or software upgrade to get it up and running..
I want our service men and women to survive (not to mention the country) in a tier one conflict where our only option left is nuclear because our stuff does not work as advertised or we ain't got enough of anything to make a difference.. We do not need ineptness and stuff that does not work running the show; I guess I am old fashion in that way.