- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: $29,000,000,000,000 missing from Pentagon/DOD...
Posted on 12/15/17 at 12:08 pm to Ace Midnight
Posted on 12/15/17 at 12:08 pm to Ace Midnight
quote:
The number is impossible
The international bonds the Rothschilds bought for $50M pounds in 1800 are worth $250T...
It's not unfathomable, it's just how small our crumbs are...its why crypto is so strong
3
Posted on 12/15/17 at 12:11 pm to IceTiger
quote:
It's not unfathomable
Yes it is. Again, like I said, the bulk of the Pentagon's budget is payroll (and before you ask, no, not contractors, "payroll" means paying DoD civilians, branch civilians and uniformed personnel), and that money, by definition, can't be "missing" -those folks got paid.
Now, can hundreds of billions be missing on procurement programs? Maybe a trillion - couple of trillion? Sure. That's where A LOT of bipartisan graft is, as well as covert budgets are. And that would be since WWII - maybe even since Vietnam that much went missing. AT MOST.
$29T? No...fricking...way. Umpossible.
This post was edited on 12/15/17 at 12:13 pm
Posted on 12/15/17 at 7:58 pm to mmcgrath
quote:
Fact - government waste is out of control
fact - we have a deficit in excess of $20 trillion
fact - taxation didnt exist until the early 1900s.
1. Back in the 1980's I audited a naval architect firm. They designed frigates. They absolutely pinched pennies even though they were paid on a cost plus basis. A cousin of mine was a lieutenant commander in the navy. Retired from the Navy in the mid 1990's and went to work for a Pentagon contractor and then in the Pentagon itself as a civilian employee. He's been dedicated to efficiency his entire career. Those are the sum of my first hand knowledge, but both make me feel better about waste.
2. The US National Debt is $20+trillion, not the deficit. The deficit had been shrinking in recent years from something like $1.2 trillion in 2010 to under $700 billion for the fiscal year ending Sept 30, 2017.
3. The federal government, since its founding, has imposed taxes. (See Whiskey rebellion) In the early years the government lived off of tariffs, miscellaneous fees and sales of land. An income tax was first imposed and collected during the Civil War. After the war, the Supreme Court declared it unconstitutional. The 16th amendment in 1913 made the income tax constitutional.
Read some history
Posted on 12/15/17 at 8:07 pm to IceTiger
quote:
The international bonds the Rothschilds bought for $50M pounds in 1800 are worth $250T...
I doubt that is true.
Brit Consols
The easiest bond to calculate a value of is a consol. Finance 101. Even as a collectors' treasure the outstanding paper is no where near that valuable. The Rothchilds (James) did help the English government finance the Napoleonic Wars.
Posted on 12/15/17 at 8:13 pm to Ace Midnight
quote:
Yes it is. Again, like I said, the bulk of the Pentagon's budget is payroll (and before you ask, no, not contractors, "payroll" means paying DoD civilians, branch civilians and uniformed personnel), and that money, by definition, can't be "missing" -those folks got paid.
This is naive and ignores the flow of money from appropriations to reconciliation at the end of a FY.
quote:
Now, can hundreds of billions be missing on procurement programs? Maybe a trillion - couple of trillion? Sure. That's where A LOT of bipartisan graft is, as well as covert budgets are. And that would be since WWII - maybe even since Vietnam that much went missing. AT MOST.
Horribly naive.
Posted on 12/15/17 at 9:01 pm to biggsc
Original MSU research linked below. Feel free to read their speculation...
npr
As this relates to this (which I posted about earlier in the thread):
msu article about above
npr
quote:
Pentagon Announces First-Ever Audit Of The Department Of Defense
December 8, 201712:20 PM ET
quote:
"The Defense Department is starting the first agency-wide financial audit in its history," the Pentagon's news service says, announcing that it's undertaking an immense task that has been sought, promised and delayed for years.
Of the tally that is starting this week, chief Pentagon spokesperson Dana W. White said, "It demonstrates our commitment to fiscal responsibility and maximizing the value of every taxpayer dollar that is entrusted to us."
"Beginning in 2018, our audits will occur annually, with reports issued Nov. 15," the Defense Department's comptroller, David L. Norquist, said.
As this relates to this (which I posted about earlier in the thread):
msu article about above
quote:
Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015.
The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. (Luckily, the researchers downloaded and stored the documents.)
Now, the Department of Defense has announced it will conduct the first department-wide, independent financial audit in its history (read the Dec. 7 announcement here).
The Defense Department did not say specifically what led to the audit. But the announcement came four days after Skidmore discussed his team’s findings on USAWatchdog, a news outlet run by former CNN and ABC News correspondent Greg Hunter.
quote:
Skidmore and Fitts agreed to work together to investigate the issue further. Over the summer, two MSU graduate students searched government websites, especially the website of the Office of Inspector General, looking for similar documents dating to 1998. They found documents indicating a total $21 trillion in undocumented adjustments over the 1998-2015 period. (The original government documents and a report describing the issue can be found here.)
This post was edited on 12/15/17 at 9:11 pm
Posted on 12/15/17 at 9:51 pm to biggsc
Might be some of the pallets of cash the military was dumping in Iraq?
Posted on 12/16/17 at 12:01 am to biggsc
quote:
How big is $29 trillion?
322 Bill Gates
Posted on 12/16/17 at 1:02 am to biggsc
To quote Slim Pickins from Dr. Stragelove, "A guy could have a fun weekend in Vegas with that".
Posted on 12/16/17 at 1:37 am to biggsc
and Trump wants to give them more money 
Black budget is a real thing
Black budget is a real thing
Posted on 12/16/17 at 2:26 am to upgrayedd
quote:
Yeah, that number doesn't sound right
quote:
info wars
Posted on 12/16/17 at 2:34 am to IceTiger
quote:
The international bonds the Rothschilds bought for $50M pounds in 1800 are worth $250T...
Hate to rain on your illuminated/Rothschild/wackadoodle conspiracy but the entire worlds wealth is only around 241T
I know I know, that's just what they want us to believe...
This post was edited on 12/16/17 at 3:12 am
Posted on 12/16/17 at 2:42 am to biggsc
Gullible as hell. All of ya.
Posted on 12/16/17 at 4:23 am to Tigerdev
Yup. I went from one thread where the dumb asses were kissing Bright Barts arse,,,and now fricking Infowars. The problem with evolution is that it's to slow. The Neanderthal gene is strong in these fricking trumpkins.
Posted on 12/16/17 at 5:48 am to SLafourche07
quote:
So if we find it is the deficit gone or is this an additional $29T?
Don't you guys remember the famous Rumfeld's slip where he said the DOD was missing 6 trillion dollars? And then 911 happened and that story went silent.
"oh no, nothing to see here".
Posted on 12/16/17 at 5:59 am to KoachKletus
quote:
Yup. I went from one thread where the dumb asses were kissing Bright Barts arse,,,and now fricking Infowars. The problem with evolution is that it's to slow.
Care to comment on my post above (I linked npr and an academic institution)? Ask yourself why this is not being reported in a wider sense?
I will await your evolved opinion professor. Take your time...
quote:and others, same question... or is Michigan State a bastion of a Trump loons? You may need to update Michael Moore
Tigerdev
This post was edited on 12/16/17 at 6:04 am
Posted on 12/16/17 at 8:26 am to IceTiger
quote:
Solar Warden...since 1980
True....one of many secret space programs. All layered and don't know about each other.
Half of the UFO'S we see are OURS. We have craft that only takes 5 minutes to the moon, which has numerous bases on back side.
looking at newest whistleblower video who says is a New Mexico base with 30 story structure BELOW the surface with all kind of labs.
I'm not believing the 29t, but 5-6 trillion more like it.
Posted on 12/16/17 at 8:37 am to biggsc
quote:
investigation into a missing $29 trillion dollars
Alex, use more realistic numbers and you might have a story that at least passes the smell test.
Posted on 12/16/17 at 9:53 am to Loserman
quote:
Hate to rain on your illuminated/Rothschild/wackadoodle conspiracy but the entire worlds wealth is only around 241T
If the product is worth 241T...
What is the futures worth on that?
Posted on 12/16/17 at 10:27 am to BigAppleBucky
quote:I was being kind giving him 1/3.
1. Back in the 1980's I audited a naval architect firm. They designed frigates. They absolutely pinched pennies even though they were paid on a cost plus basis. A cousin of mine was a lieutenant commander in the navy. Retired from the Navy in the mid 1990's and went to work for a Pentagon contractor and then in the Pentagon itself as a civilian employee. He's been dedicated to efficiency his entire career. Those are the sum of my first hand knowledge, but both make me feel better about waste.
Thank you for pointing out where he was wrong, but I doubt he reads it. Maybe someone else will benefit.
Page 5 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News