The U.S. Army Lost Track of $6.5 Trillion

Matthew Gault reports for War Is Boring:

By congressional mandate, the Pentagon needs to be ready for an audit of its finances by Sept. 30, 2017. If what’s going on at the U.S. Army is any indication — and it is — then next fall’s audit will be a shit-show of broken promises, cooked books and bizarre accounting.

The Army made headlines in mid-August 2016 when a Defense Department Inspector General report landed with a heavy thud. The 75-page reportdetailed all the ways the Army screwed up its accounting of the Army General Fund in 2015.

According to the report, Army bookkeepers screwed up the budget to the tune of … $6.5 trillion dollars.

Yes, trillion.

That’s $6.5 trillion in accounting mistakes for the year 2015 alone. That’s such a huge number that it doesn’t even make a lot of sense. The annual budget for the entire U.S. military in the past few years has been around half-a-trillion bucks.

READ MORE…

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