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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy our DOD has to do that "First ever Audit". Because MSU scholars revealed 21 trillion in spending
MSU scholars find $21 trillion in unauthorized government spending; Defense Department to conduct first-ever auditEarlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015.
The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. (Luckily, the researchers downloaded and stored the documents.)
The Defense Department did not say specifically what led to the audit. But the announcement came four days after Skidmore discussed his teams findings on USAWatchdog, a news outlet run by former CNN and ABC News correspondent Greg Hunter.
Skidmore got involved last spring when he heard Catherine Austin Fitts, former assistant secretary of Housing and Urban Development, refer to a report which indicated the Army had $6.5 trillion in unsupported adjustments, or spending, in fiscal 2015. Given the Armys $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending. Skidmore thought Fitts had made a mistake. Maybe she meant $6.5 billion and not $6.5 trillion, he said. So I found the report myself and sure enough it was $6.5 trillion.
http://msutoday.msu.edu/news/2017/msu-scholars-find-21-trillion-in-unauthorized-government-spending-defense-department-to-conduct/
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Why our DOD has to do that "First ever Audit". Because MSU scholars revealed 21 trillion in spending (Original Post)
Sunlei
Dec 2017
OP
Sunlei
(22,651 posts)1. because the documents were taken offline- they are all here at link on solari
spartan61
(2,091 posts)2. Good job, Spartans!!! n/t
underpants
(182,823 posts)3. Grad students are going to take a big hit in the tax scam
If it's included they'll have to report tuition assistance from the school as taxable income
AJT
(5,240 posts)4. I can't get the link to work.
If the amount turns out to be accurate, ehat does that do yo the deficit? Wouldn't that destroy the economy?
Baitball Blogger
(46,720 posts)5. We all know it was long overdue.
shadowmayor
(1,325 posts)6. Glad to know
Our Congress Critters keep handing money to the generals, whose record of incompetence and inefficiency are stunning, over and over again. And that' on both sides of the aisle. Our national knee-bending to all things military is disgusting. The fraud waste and abuse I witnessed in Iraq was nauseating. We spend money all day long on bombs for brown people while our country crumbles.