Where is the missing $21,000,000,000,000.? Catherine Fitts will tell you.

Posted by  $  Dobrien 3 months ago to Economics
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Dec 8, 2017 · I am co-authoring this column with Mark Skidmore, a Professor of Economics at Michigan State ... Mark Skidmore and Catherine Austin Fitts, former Assistant Secretary of Housing and Urban ...I am co-authoring this column with Mark Skidmore, a Professor of Economics at Michigan State University.

“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution

On July 26, 2016, the Office of the Inspector General (OIG) issued a report “Army General Fund Adjustments Not Adequately Documented or Supported”. The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments. According to the GAO's Comptroller General, "Journal vouchers are summary-level accounting adjustments made when balances between systems cannot be reconciled. Often these journal vouchers are unsupported, meaning they lack supporting documentation to justify the adjustment or are not tied to specific accounting transactions…. For an auditor, journal vouchers are a red flag for transactions not being captured, reported, or summarized correctly."

(Note, after Mark Skidmore began inquiring about OIG-reported unsubstantiated adjustments, the OIG's webpage, which documented, albeit in a highly incomplete manner, these unsupported "accounting adjustments," was mysteriously taken down. Fortunately, Mark copied the July 2016 report and all other relevant OIG-reports in advance and reposted them here. Mark has repeatedly tried to contact Lorin Venable, Assistant Inspector General at the Office of the Inspector General. He has emailed, phoned, and used LinkedIn to ask Ms. Venable about OIG's disclosure of unsubstantiated adjustments, but she has not responded.).
SOURCE URL: https://youtu.be/Mi6S4zrFjPg


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  • Posted by  $  25n56il4 2 months, 4 weeks ago
    Who could possibly doubt this is possible? I just love trying to get an answer out of a Bureaucrat. They generally route the question to someone else who sends you a reply totally out of context with what you asked.
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