Re:When 80 percent of US generals go to work for arms makers
by femiagbabiaka on Saturday October 07, 2023 @11:38PM
(#37807681)
Granted. But it’s a difference without a distinction. The budget does disappear: into assets and liabilities that are poorly accounted for.
Re:When 80 percent of US generals go to work for arms makers
by naveen99 on Sunday October 08, 2023 @08:13AM
(#37809789)
It still shows up in inflation and interest rates. It’s the same with the national debt. The difference between 24 trillion and 25 trillion is basically just inflation and interest rates.
That's not what the link claims though.
>The fiscal 2019 audit examined more than $2.9 trillion in assets and $2.8 trillion in liabilities, the Pentagon said. The process involved about 1,400 auditors conducting 600 site visits, at a cost of nearly $1 billion.
Sounds like they can't keep track of all the stuff they supposedly own (ie. "assets"). That's slightly different than its yearly budget simply disappearing. Even if this year they tracked down where every cent went, they'd still fail the audit, because they can't account for the stuff they purchased years ago.