Re:For the first time on record, the 400 wealthiest American...
by ptero on Monday October 07, 2019 @01:13PM
(#21183324)
I do not doubt that the waste and accountability are a huge problem in the DoD, but $21T sounds extreme. The FY19 total military budget, according to Wikipedia, is a bit under $700B and you need to misappropriate 30 years of that to embezzle $21T. And that assumes everything is misappropriated (no salaries, no fuel to fly planes, etc.) and does not account for growth (30 years ago the budget was a lot smaller than it is today). My 2c.
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Re:For the first time on record, the 400 wealthiest American...
by ComputerGuru on Monday October 07, 2019 @01:18PM
(#21183395)
It’s not really $21T in cash but rather $21T worth of book-cooking “adjustments” to make the numbers align. This article gives a good overview: https://www.nytimes.com/2018/12/03/us/politics/fact-check-pe...
The NYT article claims that’s the absolute value of cooked assets and liabilities rather than the net amount but in truth it’s misappropriation so many levels deep (and recursive in parts) that you can’t even tell whether dollars are being made or lost. Purposely, I can only presume.