Close Menu
    National News Brief
    Sunday, May 3
    • Home
    • Business
    • Lifestyle
    • Science
    • Technology
    • International
    • Arts & Entertainment
    • Sports
    National News Brief
    Home»World Economy

    Pentagon Missing $824 Billion | Armstrong Economics

    Team_NationalNewsBriefBy Team_NationalNewsBriefNovember 20, 2024 World Economy No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Pentagon, funded by you—the taxpayer—has truthfully NEVER passed an audit. Washington uses the Pentagon and Department of Defense as perhaps its favorite money laundering tool. Countless funds and supplies vanish year after year, and no one is ever investigated or punished. The corruption is blatantly in our faces. The most recent gimmick of an audit revealed that the Pentagon is unable to account for an astounding $824 billion missing from its budget. This is the seventh consecutive time that the Department of Defense has at least admitted that the agency “misplaced” hundreds of billions of dollars. Where are the funds?

    There are twenty-eight separate reporting agencies, also funded by the taxpayer. Fifteen of those agencies received disclaimers, nine received an unmodified audit opinion, and one received a qualified opinion, while the remaining three agencies have pending opinions. Last November, the Pentagon funneled about $187 million to the public sector to conduct these dishonorable audits. The corruption never ends. They knew ahead of the audits that the agency would not come close to passing. There is zero remorse.

    The DoD has no concern for their failed audit as they have never felt repercussions for failing one. Michael McCord, Under Secretary of Defense (Comptroller) and Chief Financial Officer, dared to say that he wouldn’t necessarily call $824 billion in missing funds a “failed audit.” McCord also said not to worry since the Pentagon should be able to alter its audits to pass by 2028. The government can misuse our funds, but we’d be imprisoned for failing to give them their money through taxation.

    “So if someone had a report card that is half good and half not good, I don’t know that you call the student or the report card a failure,” McCord said. Actually, that student would be held back and forced to complete the requirements for his or her grade level. Could you steal the money from someone’s wallet and call it an act of kindness for returning the change? This severely indebted nation provided the $824 billion to this slush fund of a department. Where is our money? Why has this agency never been held accountable? I presume the pockets run deep and the number of players involved would smear a portion of the establishment domestically and internationally.

    SEC World Trade Center WTC7

    Do not forget that when a whistleblower admitted the Pentagon has $2.3 trillion in unaccounted funds, a few major buildings in New York fell and started a contagion of events. The agency has never explained the whereabouts of those funds nor has it explained the trillions that have gone missing since then. The WTC7 demolition on 9/11 destroyed the room where the Pentagon audit was taking place and also happened to be the location of my computer system. I received an explanation from the SEC that everything had simply been destroyed and no further questions were permitted.

    I do hope that Donald Trump’s administration drains the swamp and holds EVERY federally funded department accountable for passing audits. This is truly a disgrace and a slap in the face to Americans who have been funding government mismanagement for generations.



    Source link

    Team_NationalNewsBrief
    • Website

    Keep Reading

    Market Talk – May 1, 2026

    Europe Explores Wealth Taxes, Capital Taxes, And Exit Taxes

    UK Retail Sector Collapse | Armstrong Economics

    HEALTHY Life Expectancy In The UK Declined By 2 Years In Past Decade

    Iran & The Drawn-Out Cold War

    Market Talk – April 30, 2026

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    New California Laws Effective July 1 Could Impact Students, Paychecks, Airbnb Stays

    July 16, 2025

    ‘Cash Me Outside’ Girl, Bhad Bhabie, Gets Into Fight With Partner

    October 11, 2025

    What are ‘nightmare bacteria’ and why are infections rising in the US? | Health News

    September 24, 2025

    Immigration officials can’t detain people based on race, speaking Spanish in Los Angeles, judge rules

    July 12, 2025

    AI Isn’t the CEO — Why Human Judgment Still Rules in Business Decisions

    February 9, 2025
    Categories
    • Arts & Entertainment
    • Business
    • International
    • Latest News
    • Lifestyle
    • Opinions
    • Politics
    • Science
    • Sports
    • Technology
    • Top Stories
    • Trending News
    • World Economy
    About us

    Welcome to National News Brief, your one-stop destination for staying informed on the latest developments from around the globe. Our mission is to provide readers with up-to-the-minute coverage across a wide range of topics, ensuring you never miss out on the stories that matter most.

    At National News Brief, we cover World News, delivering accurate and insightful reports on global events and issues shaping the future. Our Tech News section keeps you informed about cutting-edge technologies, trends in AI, and innovations transforming industries. Stay ahead of the curve with updates on the World Economy, including financial markets, economic policies, and international trade.

    Editors Picks

    Sherri Shepherd Teases Projects Amid Show Cancellation

    May 3, 2026

    Rubio to visit Vatican, Rome after Trump row

    May 3, 2026

    Ukraine drone attack hits Russian Baltic port, governor says | News

    May 3, 2026

    Chiefs provide major Patrick Mahomes injury update

    May 3, 2026
    Categories
    • Arts & Entertainment
    • Business
    • International
    • Latest News
    • Lifestyle
    • Opinions
    • Politics
    • Science
    • Sports
    • Technology
    • Top Stories
    • Trending News
    • World Economy
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Nationalnewsbrief.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.