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Addendum to Missing Money—June 2021: An Additional $94 Trillion in DOD Accounting Adjustments Reported in Bloomberg. By Mark Skidmore On January 22, 2020, Bloomberg posted an article written by Anthony Capaccio, “Pentagon Racks Up $35 Trillion in Accounting Changes in One Year” (https://www.bloomberg.com/news/articles/2020-01-22/pentagon-racks-up-35-trillion-in-accounting-changes-in-one-year). In the article, the author reports that the Department of Defense recorded…
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“About 34 percent of the federal government’s reported total assets as of September 30, 2016, and approximately 18 percent of the federal government’s reported net cost for fiscal year 2016 relate to significant federal entities that, as of the date of GAO’s audit report, were unable to issue audited financial statements, were unable to receive…
Watch the complete Video HERE or go to our Video page for more on The Missing Money “No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time.” ~…