Sep 5, 2016
The U.S. Department of Defense (DoD) recently reported on its web-site that the U.S. Army “did not adequately support 2.8 trillion dollars in third quarter journal voucher adjustments and 6.5 trillion dollars in year end JV adjustments made to Army General Fund data during FY 2015 financial statement compilation.” Put in plain English, this means that 6.5 trillion dollars have disappeared from the army’s accounting system, and there is no paper trail to explain what happened.
The DoD report also asks why the Army’s accountants “... removed at least 16,513 of 1.3 million records during third quarter of 2015.” So, the Army not only does not have a paper trail to explain the loss of this mind-boggling amount of tax payers’ money, but it also removed the paper trail that might have explained it. It sounds suspicious, to say the least!
Before workers get their pay check, the federal and state governments, and the companies take their cut. Our taxes, pension and health care payments are taken out of our pay before we even have a glimpse of our pay check. When we submit our tax forms each year, the IRS scrutinizes every minute detail of our returns. The IRS forces us to keep the paper trail that supports these tax forms for years. If workers miss a beat, the IRS makes us feel the heat by threatening us with fraud. This very diligent work by the government is done to ensure that workers pay to the fullest extent. Because workers’ income is the main source for the federal government’s budget.
But, after the federal government takes its cut from the workers, it channels this money to the companies through the government contracts. And the U.S. military is one huge honey pot. So it’s no wonder that the people responsible for keeping the honey pot may prefer to avoid keeping a proper paper trail.