The US GAO has a whisper for the Pentagon, "Psst, we just figured out that in 2022, seven out of 16 weapon systems had sustainment cost growth above the thresholds identified in law. Do you think you could take a look at this before it goes public?" Sustainment costs include costs for repair parts or personnel and account for about 70% of a weapon system's total cost.
Some weapon systems saw cost overruns of 183%. That would be typical 'tricky dick' accounting methodologies according to Garp.
GAO II: The Office of Personnel Management, which oversees health insurance for 8 million federal workers and their families at a cost of more than $60 billion a year, has never checked the eligibility of those on its rolls.
These scams are thought to cost US taxpayers $3 billion per year - of course, that figure is likely much higher given that the organization NOT overseeing the costs is the same organization estimating the fraud.
The very Independent Audit done for the Department of Defense is conducted by the US Government's Inspector General Office.
Assets under management were $2.3 Trillion - and life was GOOD. Eliminating legal costs to fight the lawsuit, there is a government surplus of $5 billion not paid by JP Morgan.
From an accounting standpoint artificial inserts are typically called plugs - "PLUGS are used when the assets and liabilities don't align" and it will cost more to find the error(s) than to push a plug.
https://helenaglass.net/2024/03/02/us-gao-has-issued-warning-of-illegal-activity-dod/
No comments:
Post a Comment