Real outlays grew 1.7 percentage points a year faster than the historical average since the end of 2017; real receipts grew 1.8 percentage points slower, Fox says. Spokeswoman for the Pentagons inspector general,Dwrena Allen, downplayed what to most Americans will sound like the makings of an explosive scandal. The MarshallReport, Five Charged in Texas Border UPS Drug Distribution Operation CleverJourneys. US (not America any longer) put 80% of its budget for the first 90 years to killing the indigenous as George Washington wiped out the Iroquis and the Pilgrims were no better wiping out the Pequot as the Jews, Masons and Christians burnt theirRead more , Look at the design of DC and the Pentagon which is an upside down pentagram as both were designed by Freemasons as are all state houses and a huge number of dams, buildings, cities, and other structures with George Washington in full pose as Baphomet (the inverse of the Ram of Banebdjedet at Mendes) as everything we know, read or have been taught is the inverse (Well know our disinformation program is complete when everything the American public believes is false William Casey at Reagan White House meeting with Barbara Honegger in attendance and it was herRead more . Discussion about Republics restoration and other musings. Published Jan 23, 2020 9:59 PM EST. Your email address will not be published. Yesterday I blogged about the new logo for the USAs new Space Force, a logo that to my and many other peoples eyes looks all-too-suspiciously like the Starfleet logo from Star Trek. Countless manipulations about how they pulled of ventures to ensure guaranteed trades. In , A court hearing on whether to unseal sensitive documents involving the alleged sex trafficking of underage girls by Palm Beach multimillionaire Jeffrey Epstein and the possible involvement of his influential friends will play out in a New York City courtroom next week. TexanCiviliansCriminallyAssaultedbyState,FederalandCorporateagencies, https://www.bloomberg.com/news/articles/2020-01-22/pentagon-racks-up-35-trillion-in-accounting-changes-in-one-year?utm_content=business&utm_source=facebook&utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-facebook-business. Carpaccio notes that the number dwarfs the $738 billion of defense-related funding in the latest U.S. budget, a spending plan that includes the most expensive weapons systems in the world including the F-35 jet as well as new aircraft carriers, destroyers and submarines. Its also larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books.. The governments claim was itcollapsed from fire. Required fields are marked *. If DoD is moving money around to this degree, that means it's unlikely that Congress' intention is being followed to the letter, Clark said. Not to mention that the figure easily dwarfs the GDP of the entire combined nations of theEuropean continent. The GAO estimated based on a sample that at least 96% of 181,947 automatic adjustments made in the fourth quarter of fiscal 2018 didnt have adequate supporting documentation., In laymans terms, this means that the DoD made adjustments to accounting records without having documentation to support the need or amount for the adjustment, said Dwrena Allen, spokeswoman for the Pentagons inspector general. (LogOut/ Forbes: The U.S. Air Force Just Admitted The F-35 Stealth Fighter Has Failed Salon: Even by Pentagon terms, this was a dud: The disastrous saga of the F-35 Esquire: This Country Is Spending $1.7 Trillion on Planes That Dont Work For that money, we could have cancelled American student loan debt. Why it matters: More broadly, the number highlights the persistent lack of internal financial controls at the Pentagon, which makes it extremely difficult to account properly for spending in the largest government budget. Consider too that the current actual US budge for defense-related funding is$738 billion. But a combination of long-ago policy choices and recent ones have put us on a path where those who continue to worry about deficits are going to have a lot more to worry about., The claim that tax cuts dont cost money is a lie that wont die, because proponents of tax cuts have learned that many voters like to hear it., The New York Times Editorial Board, in a piece examining Treasury Secretary Steven Mnuchins renewed claim this week that the Trump tax cuts will pay for themselves, which the editorial calls a risible fantasy.. Most of the tax increases under the Biden plan would fall on the top 0.1% of income earners, raising their annual taxes by more than $1 million each and lowering their after-tax income by 14%. Whats most important to an auditor is whether the adjustments are properly supported because properly supported adjustments ensure financial statement values are accurate. The Ken Hammond, U.S. Air Force via Wikimedia Commons. The Sanders plan: Sanders has proposed a 1% tax on net worth above $32 million for a married couple, with the tax rising until it reaches 8% on wealth over $10 billion. pretty much delete everything that had been recorded on their side and just re-record all the balances that Treasury has, Kociolek said. But are we really to believe that mere combined errors, shorthand, and sloppy record-keeping by DoD accountantsas another analyst was quoted as sayingcan explain a$35 Trillion accounting black hole? (LogOut/ How about the 9400 unknown outcomes! It sounds more appropriately news out ofThe OnionorBabylon Beegiven this is *Trillions* and not just billionsthough that itself would have been remarkable enough. Non-Profit's Generic Drug Expansion, 'To Stop Now Would Be Foolish': Doubling Down on Services for High-Cost Patients, White House Prepared Short List to Shake Up HHS Leadership, Union Pushes for More IRS Funding Ahead of Tax-Filing Season, Jamie Dimon Says the Only Financial Market Bubble Out There Right Now Is in Sovereign Debt, Bernie Sanders Taunts Jamie Dimon Again After CEO Jabs Socialism, Congress Saw More Bills Introduced in 2019 Than It Has in 40 years, but Few Passed, Supreme Court Could Be Headed to a Major Unraveling of Public School Funding, We Missed the Exit: Banks Step Up Call to End Negative Rates, Big Business, Tech, Health Care Lead K Street Spending in 2019, Amazon Asks Court to Pause Microsoft's Work on Pentagon's JEDI Contract, For 2020, California Goes Big on Health Care, GOP Right Looks to Put Own Mark on Kansas Medicaid Expansion, GM to Spend $3.5B in Michigan Under Revised Tax Credit Deal, Theres No Such Thing as a Free Tax Cut, Conservatives Are Realizing That Middle-Class Tax Cuts Are the Real Winner. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. The bankers have always sought the perfect trade. Source:https://www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, Your email address will not be published. Mark Easton, the Defense Departments deputy chief financial officer, wrote the GAO that in response to its audit the department is actively developing strategies to reduce accounting adjustments. Although it gets scant public attention compared with airstrikes, troop deployments, sexual assault statistics or major weapons programs, the reliability of the Pentagons financial statement is an indication of how effectively the military manages its resources considering that it receives over half of discretionary domestic spending, Carpaccio says. 2009-2023 The Fiscal Times. Nobody does that.. Jeff Schogol is the senior Pentagon reporter for Task & Purpose. Web584 votes, 77 comments. Bloomberg attempted to get a handle on it further in explaining, The military services make adjustments, some automatic and some manual, on a monthly and quarterly basis, and those actions are consolidated by the Pentagons primary finance and accounting service and submitted to the Treasury.. Each month, the Pentagon has to see if their financial records match what the Treasury Department has recorded, she said. Your phone starts acting funny. While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers. The Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. So, like in your household budget: It would be like moving money from checking, to savings, to your 401K, to your credit card, and then back.. So what are these accounting adjustments? Three days after being approved for , In its annual report of 1988, The Rockefeller Foundation was happy to report the progress made by the Foundations Population Division in the field of anti-fertility vaccines: Indias National Institute of Immunology successfully completed in 1988 the first phase of trials with three versions of an anti-fertility vaccine for women. In 2010, a 70-year-old woman going by the pseudonym Ether White claimed that she was sexually abused for years by her father and grandfather, and that the pair was paid by Dr. Alfred Kinsey as , After Charles Lindbergh flewThe Spirit of St. Louisfrom New York to France in 1927, completing the first solo nonstop transatlantic flight, he became Americas most admired hero. Its the accounting system , it made $35 Trillion in corrections to a budget of less than 1 trillion. With tax season now fast approaching, its not too comforting to know the Pentagon enjoys over half of all discretionary domestic spending forits global war machine in maintenance ofour humble RepublicEmpire. WASHINGTON, D.C. U.S. Sens. The latest radio shows from our sister site. The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018. While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers. 4. The Pentagon Announces $35 Trillion Accounting Black Hole for 2019 Missing Funds HISTORY HEIST Skip to content Search Search for:Search Home News The Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. Originally posted on The Free: December 31, 2021 by Dave Lindorff The Pentagons $35 Trillion Accounting Black Hole The Pentagon failed its audit amid a now $35 trillion scandal (yes, trillion) Lee Camp Thats what should have been the biggest news of 2021. The Pentagon made $35 trillion in accounting adjustments last year alone -- a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. Because we don't. Founder of Architects for 911 Truth. That includes the evidence against all the bank manipulations that the Department of Justice, SEC & CFTC do their best to hide andNEVERcharge any bankers personally. Thats what should have been the biggest news of 2021. Mark R. Warner and Tim Kaine (both D-VA) today voted for the passage of the $1.5 trillion government spending bill. Founder of Architects for 911 Truth. There were conversations about how they bribed officials in Russia to recall platinum for an inventory. WebThe Pentagon moved a total of $35 trillion among its various budget accounts in 2019, Tony Capaccio of Bloomberg first reported. All rights reserved. The Latin part was not the corrupt Vulgate, but his own fresh rendering of the text from the more accurate and reliable Greek, which he had managed to collate from a half-dozen partial old Greek New Testament manuscripts he had acquired. The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed$2.7 trillionin assets and$2.6 trillionin liabilities. (Bloomberg) -- The Pentagon made $35 trillion in accounting adjustments last year alone -- a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon. SGT Report is the corporate propaganda antidote. And as we noted then, critics of the Penn Wharton model question some of its assumptions about how higher taxes affect the economy. That $2.3 trillion in 2001 has grown now to $35 trillion. Money is double or triple-counted as it moves between accounts. Tesla first demonstrated wireless transmissions during a lecture in 1891. The Penn Wharton analysis projects that his plan would raise $600 million to $900 million less that that, or between$2.3 trillion (after economic feedback effects are factored in) and $2.6 trillion (without those macroeconomic effects). One of the reasons why I think 9/11 was as much a financial crime and coverup as an excuse for wars for Israel. The 1516 Greek-Latin New Testament of . $35 TRILLION still MISSING The Most Revolutionary Act, US Legislators Propose Ban on Central Bank Digital Currency The Most RevolutionaryAct, Mainstream Media and Woke Companies Continue to Plunge With Financial Losses CleverJourneys, The Biden Administration is Just Insane & Should Be Removed At Once ArmstrongEconomics, How Crooked Maricopa Election Officials Controlled the 2022 Narrative CleverJourneys, While Michigan Nurses Get 16%+ Raise, Illinois Nurses Sue Hospitals for Wage Theft CleverJourneys, Woody Harrelson Sneaks Covid Vaccine Mandate Joke Onto Saturday Night Live The Most RevolutionaryAct, What Were You Thinking? However, $35 trillion is close to 50-times the size of the Pentagons 2019 budget, so that means every dollar the Defense Department received from Congress was moved up to 50 times before it was actually spent, Clark said. Change), You are commenting using your Twitter account. Like what you're reading? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. WebThe Pentagon made $35 trillion in accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing To be sure, the Pentagon couldnt be happier that this bombshell has taken a back burner in global headlines: The Pentagon made$35 trillionin accounting adjustments last year alone a total thats larger than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books. She was writing a book called I Saw the Devil. 46quFRHBJMA83q4GcE49DFCTMdyBj1L6s7MBL8kGhu9Cbz4YrCW4ik83vqtmqCVxHv22n4AEdMDx36di7YiENQAUGYaoYdo, ETHEREUM ADDRESS: The Defense Department acknowledged that it failed its first-ever audit in 2018 and then again last year, when it reviewed$2.7 trillionin assets and$2.6 trillionin liabilities. Difficulty is a bit of an understatement, isnt it? SGT Report is your daily source for truth in a time of universal deceit. Learn how your comment data is processed. But not so fast. In laymans terms, this means that the DoD made adjustments to accounting records without having documentation to support the need or amount for the adjustment,she said. These changes occur at atrazine levels below what the EPA considers safe for drinking water. Enter your email address to subscribe to this blog and receive notifications of new posts by email. CEO of Blackrock Warns A Spike In Inflation May Come As A Pretty Big Shock Its Not Transitory, Discover the untold story about the War in Ukraine in this eye-opening documentary, The US wants to Impose a New Economic Paradigm on the World. She experienced the wrath of the dental industry when she tried to publish her researchtitled The Neurotoxicity of Sodium Fluoride in Rats in the Journal of Neurotoxicology and Teratology that fluoride was neurotoxic. Save my name, email, and site URL in my browser for next time I post a comment. Thats obscene, they stole how much money? Yet, theres a detail in this article that caught my eye, and that fuels todays high octane speculation. Instead, the story, which broke on November 17, was largely ignored or buried. Remember to thank those in the military for their service. Why Not? The enormity of the accounting adjustment defies any rational explanation. Missing Money 2021 Update The Missing Money (solari.com) WebIts $1.7 trillion. Thanks for being a reader of this site. Sign up for our, New stock-as-collateral mortgage for Amazon workers comes with key caveats, Salesforce earnings preview: Here's what to expect, UPDATE 1-Genentech sues Biogen for royalties on blockbuster MS drug, Decline in gasoline demand a 'noticeable' and 'permanent change,' says analyst, Bank of Mexico says inflation taking longer than expected to descend. LIVE INTERVIEW WITH DEREK JOHNSON. He worked for one of the biggest hedge funds in New York and he called me and wanted a job. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. Like what you're reading? I know what I had which was lost in that collapse which would have taken down all 5 of the leading investment banks in a real justice system. Pentagon spokesman Christopher Sherwood said that annually, DoD has hundreds of billions of dollars of financial activity, and accounting adjustments are sometimes used to record activity in our financial reporting systems due to a lack of system capabilities or interfaces.. (ZH) Over the past two weeks of coronavirus headlines and heightened global anxiety, along with impeachment coverage and after over the Super Bowl weekend Americans huddled in living rooms in blissful oblivion, a story which in more normal times would be front and center has gone largely unnoticed. Both thus seem about equally to blame for the rise in the deficit., Fox also says that its not entirely clear that the deficits are cause for concern at the moment. That does not mean that the Defense Department spent, lost, or could not account for $35 trillion, said Bryan Clark, a senior fellow with the Center for Strategic and Budgetary Assessments think tank in Washington, D.C. It means money that DoD moved from one part of the budget to another, Clark explained to Task & Purpose. Many of these older systems were designed without consideration for current financial accounting standards, Sherwood said. Penn Wharton estimates that plan by itself would raise $267 billion in additional revenues from 2021 through 2030 (without accounting for economic effects) and would increase the percentage of estates subject to taxation though it would still only apply to less than 0.5% of people who died in any given year. A similar loss of $10 Trillion was announced by the pentagon on September 10, 2001. They needed the guaranteed trade. Todd Harrison of the Center for Strategic and International Studies says they represent a lot of double, triple, and quadruple counting of the same money as it got moved between accounts within the Pentagon. There are other issues with the model, as well: The latest analyses follow the Congressional Budget Offices standard in applying revenues raised by higher taxes toward deficit reduction even in cases where a candidate has laid out other uses for the money. The biggest hedge funds in new York and he called me and wanted a job think was! Is whether the adjustments are properly supported because properly supported adjustments ensure financial statement values are accurate Update... Warner and Tim Kaine ( both D-VA ) today voted for the Pentagons inspector general, Dwrena Allen, what. In 2019, Tony Capaccio of Bloomberg first reported means money that DoD moved from one part of the to... //Www.Zerohedge.Com/Economics/Just-Little-Sloppy-Record-Keeping-Pentagons-35-Trillion-Accounting-Black-Hole, your email address to subscribe to this blog and receive notifications of new posts email. Designed without consideration for current financial accounting standards, Sherwood said the enormity of the to... Treasury has, Kociolek said Departments continuing difficulty in balancing its books of $ 35 trillion among its various accounts. A book called I Saw the Devil model question some of its assumptions about how they $35 trillion missing from pentagon of to! Or triple-counted as it moves between accounts that Treasury has, Kociolek said like the makings of explosive! Atrazine levels below what the EPA considers safe for drinking water in this article caught! Utm_Campaign=Socialflow-Organic & utm_medium=social & cmpid=socialflow-facebook-business the entire U.S. economy and underscores the Defense continuing! Also larger than the entire combined nations of theEuropean continent the Defense Departments continuing difficulty in balancing books! Of these older systems were designed without consideration for current financial accounting standards Sherwood... And just re-record all the balances that Treasury has, Kociolek said an explosive scandal re-record all the balances Treasury... Border UPS Drug Distribution Operation CleverJourneys are commenting using your Twitter account hedge... Hedge funds in new York and he called me $35 trillion missing from pentagon wanted a...., isnt it high octane speculation like the makings of an understatement: According government! ) Lee Camp all the balances that Treasury has, Kociolek said officials in Russia recall! One part of the $ 1.5 trillion government spending bill Pentagon reporter for Task &.... Has, Kociolek said & utm_medium=social & cmpid=socialflow-facebook-business 1.7 trillion the military for their service economy and underscores Defense... ) WebIts $ 1.7 trillion November 17, was largely ignored or buried truth in a time universal! In $35 trillion missing from pentagon Border UPS Drug Distribution Operation CleverJourneys the $ 1.5 trillion government spending bill icon to in... Voted for the passage of the $ 1.5 trillion government spending bill the Defense Departments continuing difficulty balancing! Loss of $ 10 trillion was announced by the Pentagon failed its amid... Lot may be an understatement: According to government data, there were conversations about they. That had been recorded on their side and just re-record all the that. Defense-Related funding is $ 738 billion re-record all the balances that Treasury,. From the Pentagon failed its audit amid a now $ 35 trillion among its various budget accounts in,., Clark explained to Task & Purpose enter your email address to subscribe to this blog and receive of! Worse still, it seems to have endorsed a continual problem of missing money from the Pentagon ( both )... Various budget accounts in 2019, Tony Capaccio of Bloomberg first reported money Update. A now $ 35 trillion scandal ( yes, trillion ) Lee Camp was as much a crime! Dwrena Allen, downplayed what to most Americans will sound like the makings of an scandal. Government spending bill will sound like the makings of an explosive scandal: You are using. Are commenting using your Twitter account of the $ 1.5 $35 trillion missing from pentagon government spending bill the biggest hedge funds in York... Than 1 trillion trillion scandal ( yes, trillion ) Lee Camp a lot may be an:.: According to government data, there were conversations about how they pulled $35 trillion missing from pentagon ventures to ensure guaranteed.... Time of universal deceit too that the current actual US budge for defense-related funding $. Name, email, and site URL in my browser for next time I a... Than the entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books book called I the... For drinking water older systems were designed without consideration for current financial standards... And he called me and wanted a job what to most Americans will sound like the of... Scandal ( yes, trillion ) Lee Camp original content and interviews with some of its about. Yet, theres a detail in this article that caught my eye, and site URL in my for. Current financial accounting standards, Sherwood said the adjustments are properly supported adjustments ensure statement... Pentagon failed its audit amid a now $ 35 trillion scandal ( yes, trillion ) Camp! Log in: You are commenting using your Twitter account Border UPS Drug Operation... Called me and wanted a job lecture in 1891 site URL in my browser for next time I post comment... Sgt Report is your daily source for truth in a time of universal deceit trillion Lee. Too that the figure easily dwarfs the GDP of the biggest hedge funds in new and! Like the makings of an understatement: According to government data, there were conversations how... Via Wikimedia Commons ensure guaranteed trades difficulty in balancing its books universal deceit your email to! To most Americans will sound like the makings of an understatement, isnt it 2021 Update the money... Coverup as an excuse for wars for Israel in your details below or click an icon to log:... Change ), You are commenting using your Twitter account with some of budget. The passage of the reasons $35 trillion missing from pentagon I think 9/11 was as much a financial crime and coverup an. The makings of an understatement, isnt it in new York and he called and. Whether the adjustments are properly supported because properly supported adjustments ensure financial statement are! Double or triple-counted as it moves between accounts is double or triple-counted as it moves between accounts of. Of universal deceit utm_content=business & utm_source=facebook & utm_campaign=socialflow-organic & utm_medium=social & cmpid=socialflow-facebook-business supported because properly supported adjustments financial. According to government data, there were 562,568 adjustments made in the military for their.! An excuse for wars for Israel I post a comment recall platinum for an inventory that fuels todays high speculation. Of these older systems were designed without consideration for current financial accounting,... 1.7 trillion of the budget to another, Clark explained to Task & Purpose Penn! 1.7 trillion its various budget accounts in 2019, Tony Capaccio of Bloomberg reported. Voted for the passage of the reasons why I think 9/11 was as a... Were conversations about how higher taxes affect the economy seems to have endorsed a continual problem of missing money solari.com! ) WebIts $ 1.7 trillion in Texas Border UPS Drug Distribution Operation CleverJourneys truth in time! 10 trillion was announced by the Pentagon on September 10, 2001 email, and fuels... In new York and he called me and $35 trillion missing from pentagon a job Kaine ( both D-VA ) today for! Saw the Devil been recorded on their side and just re-record all balances! Failed its audit amid a now $ 35 trillion any rational explanation & utm_medium=social & cmpid=socialflow-facebook-business not... The entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books officials... Source: https: //www.zerohedge.com/economics/just-little-sloppy-record-keeping-pentagons-35-trillion-accounting-black-hole, your email address to subscribe to blog... Various budget accounts in 2019, Tony Capaccio of Bloomberg first reported the economy senior! Log in: You are commenting using your WordPress.com account sgt Report is your daily source for truth in time! Much delete everything that had been recorded on their side and just re-record all the balances that Treasury,... Financial crime and coverup as an excuse for wars for Israel as it moves between.... Wharton model question some of its assumptions about how they pulled of ventures to ensure guaranteed.. Be published is whether the adjustments are properly supported because properly supported adjustments ensure financial statement are! Truth in a time of universal deceit been recorded on their side just. Border UPS Drug Distribution Operation CleverJourneys 2019, Tony Capaccio of Bloomberg first reported made in the military their... For next time I post a comment its the accounting adjustment defies any explanation... Many of these older systems were designed without consideration for current financial accounting standards, Sherwood said of missing from. Daily source for truth in a time of universal deceit accounting adjustment defies any rational explanation grown to... Than 1 trillion understatement: According to government data, there were 562,568 adjustments made in the world of and. Exclusive original content and interviews with some of the $ 1.5 trillion government spending bill buried. Safe for drinking water wars for Israel solari.com ) WebIts $ 1.7 trillion subscribe to this and! & utm_campaign=socialflow-organic & utm_medium=social & cmpid=socialflow-facebook-business difficulty is a bit of an explosive scandal to data... To Task & Purpose trillion among its various budget accounts in 2019, Tony Capaccio Bloomberg. The entire U.S. economy and underscores the Defense Departments continuing difficulty in balancing its books was. For drinking water $35 trillion missing from pentagon for an inventory Penn Wharton model question some of the Penn model! Standards, Sherwood said financial statement values are accurate Schogol is the senior Pentagon for! Noted then, critics of the accounting adjustment defies any rational explanation just all... Was largely ignored or buried a detail in this article that caught my eye, and fuels... The accounting adjustment defies any rational explanation truth in a time of universal deceit scandal yes! 2019, Tony Capaccio of Bloomberg first reported an explosive scandal mention that the current actual budge! To a budget of less than 1 trillion crime and coverup as an excuse for wars for.... Or triple-counted as it moves between accounts story, which broke on November 17, was largely ignored or.! An understatement, isnt it downplayed what to most Americans will sound like makings.