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Sunday, December 17th, 2017

MSU Scholars Find $21 Trillion in Unauthorized Government Spending; Defense Department to Conduct First-Ever Audit

Author:     Mark Skidmore , Andy Henion
Source:     Michigan State University
Publication Date:     Dec. 11, 2017
 Link: MSU Scholars Find $21 Trillion in Unauthorized Government Spending; Defense Department to Conduct First-Ever Audit
Stephan:   We have over 40 million Americans living in Third World poverty, our infrastructure is failing apart, a child born in many third world countries has a better chance of surviving to its first birthday than a child born in many Red value states. We have rotten healthcare, the largest gulag of warehoused human beings, and on and on. No wonder we have no money to create wellbeing, we also have $21 TRILLION in authorized spending by the Defense Department and Housing and Urban development, a number so big it would take the GDPs of most of the rest of the nations of the world to equal it. If one dollar equalled one second, a trillion seconds would amount to 31,709.8 years, 21 trillion seconds would be 665,905.8 years. America is so seriously off the rails I find it impossible to fully describe the dimensions of what is happening.

Michigan State University Economist Mark Skidmore

Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015. (emphasis added)

The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. (Luckily, the researchers downloaded and stored the documents.)

Now, the Department of Defense has announced it will conduct the first department-wide, independent financial audit in its history (read the Dec. 7 announcement here).

The Defense Department did not say specifically what led to the audit. But the announcement came four days after Skidmore discussed his team’s findings on USAWatchdog, a news outlet run by former CNN and ABC News correspondent Greg Hunter.

“While we can’t know for sure what role our efforts to compile original government documents and share them […]

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2 Comments

  1. Jim Alberts on Sunday, December 17, 2017 at 4:29 am

    The horrible part is I’m not surprised, angry yes, sad yes, surprised no

  2. John Gabriel Otvos on Monday, December 18, 2017 at 5:16 am

    This article and your comments Stephan, represents where the phrase: The Untied States originates.