Lisalovesshells @lisalovesshells This is the article from Yahoo Finance Mike Benz was referring to:
While it shouldnt come as a surprise for an organization that has famously failed to ever pass an audit, the Pentagon was nevertheless able to shock some observers this week with a new batch of financial numbers.
According to Bloombergs Anthony Carpaccio, the Department of Defense made $35 trillion in accounting adjustments in 2019, easily surpassing the $30.7 trillion in such adjustments recorded in 2018.
So what are these accounting adjustments? Todd Harrison of the Center for Strategic and International Studies says they represent a lot of double, triple, and quadruple counting of the same money as it got moved between accounts within the Pentagon. A lot may be an understatement: According to government data, there were 562,568 adjustments made in the Pentagons books in 2018
Poster Comment:
This is a follow up to the Benz-Rogan video.