To say the LEAST there has been a grand dereliction of duty by members of Congress.
As of 2016, the figure of LOST funds had grown to 6.5 TRILLION dollars.
This drug lord’s cache was estimated at $220 million, meaning the Defense Department can’t account for more than 29,000 stacks like this.
The report concluded “the office of the assistant secretary of the army (Financial Management & Comptroller) (OASA[FM&C]) and the Defense Finance and Accounting Service Indianapolis (DFAS Indianapolis) did not adequately support $2.8 trillion in third quarter journal voucher (JV) adjustments and $6.5 trillion in yearend JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system-generated adjustments.”
Further, there was no indication of why 16,513 of 1.3 million records were removed from the budget system during the third quarter of FY 2015, the report said.
The Armstrong Economics site commented: “Let’s face the truth. Government is incapable of managing even a bubblegum machine. They are completely hopeless. This money is lining the pockets of unknown people and it is funding unknown military operations.
Pentagon Missing Trillions
CBS Reports Pentagon Missing $2.3 Trillion
“‘According to some estimates we cannot track $2.3 trillion in transactions,’ Rumsfeld admitted. $2.3 trillion – that’s $8,000 for every man, woman and child in America.”
— CBS, 1/29/02