Lisalovesshells @lisalovesshells

This is the article from Yahoo Finance Mike Benz was referring to:

“While it shouldn’t 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 Bloomberg’s 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 Pentagon’s books in 2018”

Poster Comment:

This is a follow up to the Benz-Rogan video.