{"id":24569,"date":"2020-02-10T12:50:13","date_gmt":"2020-02-10T12:50:13","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=24569"},"modified":"2020-02-10T18:59:41","modified_gmt":"2020-02-10T18:59:41","slug":"pentagon","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/pentagon\/","title":{"rendered":"<Pentagon>"},"content":{"rendered":"<p>The Pentagon racked up a total that\u2019s larger than the entire U.S. economy.<\/p>\n<p><!--more--><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-01-22\/pentagon-racks-up-35-trillion-in-accounting-changes-in-one-year?cmpid=socialflow-twitter-business&amp;utm_content=business&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=socialflow-organic\" target=\"_blank\" rel=\"noopener\">According to reporting from Bloomberg<\/a>, The Pentagon, which serves as the headquarters building of the United States Department of Defense,\u00a0made\u00a0<span class=\"\" data-value=\"35000000000000\" data-original=\"$35 trillion\" data-symbol=\"$\">$35 trillion<\/span>\u00a0in accounting adjustments during 2019, representing a higher estimate from\u00a02018 at\u00a0<span class=\"\" data-value=\"30700000000000\" data-original=\"$30.7 trillion\" data-symbol=\"$\">$30.7 trillion and\u00a0<\/span><span class=\"\" data-value=\"29000000000000\" data-original=\"$29 trillion\" data-symbol=\"$\">$29 trillion<\/span>\u00a0in 2017,\u00a0according to Pentagon figures.<\/p>\n<p>\u201cWithin that\u00a0<span class=\"\" data-value=\"30000000000000\" data-original=\"$30 trillion\" data-symbol=\"$\">$30 trillion<\/span>\u00a0is a lot of double, triple, and quadruple counting of the same money as it got moved between accounts,\u201d said Todd Harrison, a Pentagon budget expert with the Center for Strategic and International Studies.<\/p>\n<p>This estimate, according to\u00a0Sputnik News, is just the latest in a series of questionable financial results coming out of the Department of Defense. It was\u00a0<a href=\"https:\/\/sputniknews.com\/military\/201911181077344106-us-department-of-defense-fails-financial-audit-for-second-consecutive-year\/\" target=\"_blank\" rel=\"noopener\">announced in November that the Pentagon failed<\/a>\u00a0its financial audit<a href=\"https:\/\/sputniknews.com\/us\/201811151069848289-pentagon-fails-audit-never-thought-we-were-going-to-pass\/\" target=\"_blank\" rel=\"noopener\">\u00a0for the second consecutive year<\/a>. The audit, which tracked the spending of over $2.9 trillion in Pentagon-owned and managed assets, detected a total of 25 \u201cmaterial weaknesses.\u201d<\/p>\n<p>The non-partisan <a href=\"https:\/\/www.gao.gov\/\" target=\"_blank\" rel=\"noopener\">U.S. General Accounting Office (GAO)<\/a> listed a series of problems when it comes to The Pentagon budget, <a href=\"https:\/\/www.taxpayer.net\/budget-appropriations-tax\/why-cant-the-pentagon-pass-an-audit\/\" target=\"_blank\" rel=\"noopener\">via Taxpayers For Common Sense<\/a>, these were:<\/p>\n<ul>\n<li>About 58% of the material the Pentagon possesses ($36.9 billion worth) are items it does not need.<\/li>\n<li>Over the past three years, the Navy lost track of $3 billion in equipment and other items.<\/li>\n<li>At one distribution center for the Navy, there was a backlog of over 122,000 items that had not been properly processed, leading the Navy to purchase items it didn&#8217;t need.<\/li>\n<li>The $600 billion Pentagon inventory of weapons systems and other items failed to include nearly $6 billion in Army communications defense equipment, $7.6 billion in Navy aircraft engines and about $7 billion in Air Force electronic pods that attach to warplanes.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Pentagon racked up a total that\u2019s larger than the  [&#8230;]<\/p>\n","protected":false},"author":8,"featured_media":24571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,1385,1773,3180],"class_list":["post-24569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-northam","tag-spending","tag-the-pentagon"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/24569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=24569"}],"version-history":[{"count":2,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/24569\/revisions"}],"predecessor-version":[{"id":24573,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/24569\/revisions\/24573"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/24571"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=24569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=24569"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=24569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}