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IPFS News Link • DOD-Department of Defense

Why The Pentagon Is A Multi-Trillion Dollar Fraud

• https://www.zerohedge.com, by Scott Ritter

Recently, the Pentagon admitted it couldn't account for trillions of dollars of US taxpayer money, having failed a massive yearly audit for the sixth year running.

The process consisted of the 29 sub-audits of the DoD's various services, and only seven passed this year – no improvement over the last. These audits only began taking place in 2017, meaning that the Pentagon has never successfully passed one.

This year's failure made some headlines, was commented upon briefly by the mainstream media, and then just as quickly forgotten by an American society accustomed to pouring money down the black hole of defense spending.

The defense budget of the United States is grotesquely large, its $877 billion dwarfing the $849 billion spent by the next ten nations with the largest defense expenditures. And yet, the Pentagon cannot fully account for the $3.8 trillion in assets and $4 trillion in liabilities it has accrued at US taxpayer expense, ostensibly in defense of the United States and its allies. As the Biden administration seeks $886 billion for next year's defense budget (and Congress seems prepared to add an additional $80 billion to that amount), the apparent indifference of the American collective – government, media, and public – to how nearly $1 trillion in taxpayer dollars will be spent speaks volumes about the overall bankrupt nature of the American establishment. 

Audits, however, are an accountant's trick, a series of numbers on a ledger which, for the average person, do not equate to reality. Americans have grown accustomed to seeing big numbers when it comes to defense spending, and as a result, we likewise expect big things from our military. But the fact is, the US defense establishment increasingly physically resembles the numbers on the ledgers the accountants have been trying to balance – it just doesn't add up.


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