$21 trillion of unauthorized spending by US govt discovered by economics professor

[longknife]

Just a mere drop in the bucket by government spending standards. If he can find it, why can’t the government budget types do it?

They came up with the figure after digging the websites of departments of Defense (DoD) and Housing and Urban Development (HUD) as well as repots of the Office of the Inspector General (OIG) over summer.

The research was triggered by Skidmore hearing Catherine Austin Fitts, a former Assistant Secretary in the HUD in the first Bush administration, saying the Inspector General found $6.5 trillion worth of military spending that the DoD couldn’t account for. She was referring to a July 2016 report by the OIG, but Skidmore thought she must be mistaking billion for trillion. Based on his previous experience with public finances, he thought the figure was too big even for an organization as large as the US military.

More @ $21 trillion of unauthorized spending by US govt discovered by economics professor

 

[BluesLegend]

I'll just stand over here not being surprised.

 

[usmbguest5318]

Just a mere drop in the bucket by government spending standards. If he can find it, why can’t the government budget types do it?

They came up with the figure after digging the websites of departments of Defense (DoD) and Housing and Urban Development (HUD) as well as repots of the Office of the Inspector General (OIG) over summer.

The research was triggered by Skidmore hearing Catherine Austin Fitts, a former Assistant Secretary in the HUD in the first Bush administration, saying the Inspector General found $6.5 trillion worth of military spending that the DoD couldn’t account for. She was referring to a July 2016 report by the OIG, but Skidmore thought she must be mistaking billion for trillion. Based on his previous experience with public finances, he thought the figure was too big even for an organization as large as the US military.

More @ $21 trillion of unauthorized spending by US govt discovered by economics professor

More @ $21 trillion of unauthorized spending by US govt discovered by economics professor

Seriously, dude?!? You are citing a story from the Kremlin-backed press organization called RT?

 

[Harpy Eagle]

It is a misleading title. Money that cannot be accounted for is not the same as money that was not authorized.


Sent from my iPhone using USMessageBoard.com

 

[Norman]

Accountability?

That's for other people.

 

[rightwinger]

Does anyone know how much $21 trillion is?

Five years budget unaccounted for?

This thread is ridiculous

 

[rightwinger]

The DoD has a budget of $600 billion a year

$21 trillion would be the budget for 35 years that is "unaccounted for"

Anyone who believes this thread is a moron

 

[Norman]

Does anyone know how much $21 trillion is?

Five years budget unaccounted for?

This thread is ridiculous

It goes back a long time.

"between 1998 and 2015"

There is probably double or triple counting involved too.

 

[rightwinger]

Does anyone know how much $21 trillion is?

Five years budget unaccounted for?

This thread is ridiculous

It goes back a long time.

"between 1998 and 2015"

There is probably double or triple counting involved too.

It amazes me how gullible some posters are

Gee......$21 trillion and the government doesn't know how it was spent