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No, they weren't saying that it was an accounting error. They were saying that it is completely unaccounted for. No, it was not being PUBLICLY discussed long before 911.
The technology revolution has transformed organizations across the private sector, but not ours, not fully, not yet. We are, as they say, tangled in our anchor chain. Our financial systems are decades old. According to some estimates, we cannot track $2.3 trillion in transactions. We cannot share information from floor to floor in this building because it's stored on dozens of technological systems that are inaccessible or incompatible.
Pentagon's finances in disarray
By JOHN M. DONNELLY The Associated Press 03/03/00 5:44 PM Eastern
WASHINGTON (AP) -- The military's money managers last year made almost $7 trillion in adjustments to their financial ledgers in an attempt to make them add up, the Pentagon's inspector general said in a report released Friday. The Pentagon could not show receipts for $2.3 trillion of those changes, and half a trillion dollars of it was just corrections of mistakes made in earlier adjustments.
Each adjustment represents a Defense Department accountant's attempt to correct a discrepancy. The military has hundreds of computer systems to run accounts as diverse as health care, payroll and inventory. But they are not integrated, don't produce numbers up to accounting standards and fail to keep running totals of what's coming in and what's going out, Pentagon and congressional officials said.
The DFAS centers processed approximately $7.6 trillion in department-level accounting entries to DoD Component financial data used to prepare departmental reports and DoD financial statements for FY 1999. Of the $7.6 trillion in department level accounting entries, $3.5 trillion were supported with proper research, reconciliation, and audit trails. However, department-level accounting entries of $2.3 trillion were made to force financial data to agree with various sources of financial data without adequate research and reconciliation, were made to force buyer and seller data to agree in preparation for eliminating entries, did not contain adequate documentation and audit trails, or did not follow accounting principles. We identified but did not have adequate time or staff to review another $1.8 trillion in department level accounting entries. The DoD Agency-Wide financial statements for FY 1999 were subject to a high risk of material misstatement. The sheer magnitude of department-level accounting entries required to compile the DoD financial statements
Senator Byrd: A recent article in the Los Angeles Times, written by a retired vice admiral and a civilian employee in the Office of the Secretary of Defense, accused the Department of Defense of being unable to account for the funds that Congress appropriates to it. The authors wrote, and I quote in part, quote, "The Pentagon's books are in such utter disarray that no one knows what America's military actually owns or spends." ...
That audit report found that out of $7.6 trillion in department-level accounting interest, 2.3 trillion in entries either did not contain adequate documentation or were improperly reconciled or were made to force buyer and seller data to agree. This DoD-IG report is very disturbing.
The inspector general of the Pentagon said there are 2.3 trillion dollars in items that they can't quite account for. That's not billion. That's trillion dollars. $2.3 trillion -- and the General Accounting Office said there are about $27 billion in inventory items that they can't find.
Talk about being totally one sided and narrow minded and cannot accept that our government dosent lie. One only needs to watch all the videos to see G-Bush lying through his teeth, we are not ignorant, or stupit as you may think. I dont need some one in a conspiracy web site trying to convince me G-Bush dosent lie, because that is what you are doing. I find it comical at best that you think you can insult everyone's intelligence.
For once, could you try to stick to the thread? I mean, I know you look for my posts just so you can hop in with a personal attack, but come on.....
Deep Thoughts posted a site with "questions" about 9/11, I went through some of them and answered them. Another poster hopped in to claim I was wrong. So I posted links to show, that once again, what I posted was true.
I KNOW the government does lie to us at times, however, I also know that it isnt about who was responsible for 9/11.
Now see, chastizing you for not sticking to the thread isnt an attack. Telling you that medication would help would be.
It is unobjective fact that the 2.3 trillion was being discussed long before Sept 2001. If you cannot understand that simple truth then there is nothing else to say.
Rumsfeld Buries Admission of Missing 2+ Trillion Dollars in 9/10/01 Press Conference
Rumsfeld 2.3 Trillion Dollars missing Pentagon 1 DAY b4/9-11
It was 2.3 trillion...and it was being discussed long before 9/11/01. It doesnt mean 2.3 trillion was missing from the Pentagon piggy bank. It was referring to transactions dating back over 30 years that had never properly been posted in account ledgers.
Here is a hint....read the links I posted. It wasnt 2.3 trillion in cash.