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Member since: Sat Oct 17, 2009, 06:22 AM
Number of posts: 446

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Pentagon Racks Up $35 Trillion in Accounting Changes in One Year

Source: SFGate / San Francisco Chronicle

The Pentagon made $35 trillion in accounting adjustments last year alone -- a total that's larger than the entire U.S. economy and underscores the Defense Department's continuing difficulty in balancing its books.

The latest estimate is up from $30.7 trillion in 2018 and $29 trillion in 2017, the first year adjustments were tracked in a concerted way, according to Pentagon figures and a lawmaker who's pursued the accounting morass.

Read more: https://www.sfgate.com/news/article/Pentagon-racks-up-35-trillion-in-accounting-14994485.php

It is time to replace the management of the Pentagon.

larger than the entire U.S. economy
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