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The US Government cannot account for trillions of dollars. The DoD reported $1.1 trillion missing in FY 2000 alone!
| Trillions missing from DoD! |
| "We reported that DoD processed $1.1 trillion in unsupported accounting entries to DoD Component financial data used to prepare departmental reports and DoD financial statements for FY 2000." |
| David K. Steensma Acting Assistant Inspector General for Auditing for the DoD US Dept of Defense (DoD) February 26, 2002 |
| Billions missing from HUD! |
| "At the time we discontinued our audit work... An additional 242 adjustments totaling about $59.6 billion, were made to adjust fiscal year 1999 activity." |
| Susan Gaffney HUD Inspector General US Dept of Housing & Urban Development (HUD) March 22, 2000 |
What does this mean?
Trillions of dollars in "unsupported adjustments" means trillions of dollars unaccounted for. What's going on? Where is the money? How could this happen? Where are the checks and balances? How much more has gone missing? Is this happening in the other government agencies too? What would happen if a corporation failed to pass an audit like this? Or a taxpayer? Who is responsible for this? Who can we trust to fix it? ... see Frequently Asked Questions and Who's in Charge? for details.
To the right you will find a running total of the amount of "unsupported adjustments" used by the Department of Defense in FY2000 to balance its books. This total is based on the report of DoD's inspector general. The counter runs on a calendar year. It is a simple attempt to demonstrate the scale of ENRON style accounting in the US government.
Below the running total are a number of different ways we could use this amount of money. Try clicking on them; you might be surprised to learn what a difference $1.1 trillion can make.
$1.1 trillion disappear?
See your state's share:
Compare to the cost of:
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Bringing it home
Huge sums unaccounted for is like a hole in the milk bucket. This is:
This must be stopped! Cooked books affect everyone, not just those directly involved in the US government. The finances of many countries around the world are dependent on US currency and US Treasury securities. See Where is the Collateral? to connect the dots.