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| What does one TRILLION dollars look like? $100 bills. $1,000,000,000,000 |
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| This drug lord’s cache was estimated at $220 million, meaning the Defense Department can’t account for more than 29,000 stacks like this |
A relatively obscure audit report from the Office of Inspector General of the United States Department of Defense suddenly is getting a lot of attention for what it apparently reveals: The Pentagon can’t account for $6.5 trillion.
At ArmstrongEconomics, the blog reported, “Once again, the office of inspector general has come up with a huge hole in the Department of Defense with a missing $6.5 trillion.”
The day before 9/11, Defense Secretary Donald Rumsfeld admitted $2.3 trillion was missing from the Defense Department budget, noted the blog.
That figure has now grown to $6.5 trillion and counting.
To get a handle on its magnitude, a pile of $100 bills in that amount would be enough to make every man, woman and child in the states of Colorado, Wyoming and South Dakota an instant millionaire.
The report, “Army General Fund Adjustments Not Adequately Documented or Supported,” started out with the goal of finding out whether the changes in the Army General Fund data during Fiscal Year 2015 to financial statements were “adequately documented and supported.”....[READ MORE]