$21 Trillion dollars is missing from the US government.

CCWorks

Premium VIP
Jan 3, 2010
11,483
1,464
113
Michigan
Real Name
Greg
Business Location
United States
That is $65,000 for every person in America. That is more than our entire national debt!

What’s going on? Where is the money? How could this happen? How much has really gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer?

This means the Fed and their member banks are transacting government money outside the law. So are the corporate contractors that run the payment systems. So are the Wall Street firms who are selling government securities without full disclosure. Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved like this? Would your accountant be silent?

This is the reason that there is such a strong push to change or tear up the US Constitution. This is why members of the establishment say it is “old,” “outdated!” This is why there is such a push for gun control. Don’t buy it! We can use the Constitution to get our money and our government back. It is time to enforce the US Constitution.

The Solari Report has been covering the missing money since 2000 when Catherine Austin Fitts began to to warn Americans and global investors about mortgage fraud at the US Department of Housing and Development (HUD), the engineering of the housing bubble that lead to trillions more dollars in bailouts and funds missing from the US government starting in fiscal 1998.




$21 trillion of unauthorized spending by US govt discovered by ...
https://www.rt.com/usa/413411-trillions-dollars-missing-research/


Dec 16, 2017 - The US government may have misspent $21 trillion, a professor at Michigan State University has found. ... Two departments of the US federal government may have spent as much as $21 trillion on things they can't account for between 1998 and 2015.$21 Trillion Missing – U.S. Government a Criminal Enterprise ...
https://usawatchdog.com/21-trillion-missing-u-s-government-a-criminal-enterprise-cat...
  1. Cached
Oct 1, 2017 - When you put psychopaths between you and your money … see how easy $21 Trillion dollars can disappear … this is exactly why we must own physical gold in our own hands!! Reply. Jay 12/19/2017 •. In 1933 the U.S. Federal Government confiscated gold from all citizens. My grandfather buried his gold ...Has Our Government Spent $21 Trillion Of Our Money Without Telling ...
https://www.forbes.com/.../has-our-government-spent-21-trillion-of-our-money-witho...

Dec 8, 2017 - In recent decades, the Office of Inspector General has reported some $21 trillion (you read that right) in unsubstantiated payments by the Departments of Defense and ... The report indicates that for fiscal year 2015 the Army failed to provide adequate support for $6.5 trillion in journal voucher adjustments.DOD, HUD Defrauded Taxpayers Of $21 Trillion From 1998 To 2015
www.mintpressnews.com/cooking-books-dod-hud...of...trillion...2015/232905/

Oct 7, 2017 - From '98 and '15 the Department of Defense (DOD), and (Department of Housing and Urban Development) HUD lost $21 trillion in taxpayer funds.The Missing Money – $21 Trillion in Undocumentable Adjustments ...
https://solari.com/.../the-missing-money-19-trillion-in-undocumentable-adjustments-a...

Sep 23, 2017 - “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” ~ Article I, Section 9, Clause 7, The US Constitution. By Catherine Austin Fitts.U.S. Army fudged its accounts by trillions of dollars, auditor finds
https://www.reuters.com/.../u-s-army-fudged-its-accounts-by-trillions-of-dollars-audit...

Aug 19, 2016 - The Defense Department's Inspector General, in a June report, said the Army made $2.8 trillion in wrongful adjustments to accounting entries in one quarter alone in 2015, and $6.5 trillion for the year. ... As a result, the Army's financial statements for 2015 were “materially misstated,” the report concluded.MSU scholars find $21 trillion in unauthorized government spending ...

http://msutoday.msu.edu/news/2017/m...nment-spending-defense-department-to-conduct/

Dec 11, 2017 - 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. The work of Mark Skidmore and his team, ...Shock Report Reveals Pentagon & HUD 'Lost' $21 TRILLION ...
thefreethoughtproject.com › Be The Change

Dec 12, 2017 - Washington, D.C. – A new report analyzing the budgets of both the Department of Defense (DOD) and the Department of Housing and Urban Development (HUD), found that between 1998 and 2015, these two departments alone lost over $21 trillion in taxpayer funds. The shocking report was authored by ...Forbes Magazine: 21 Trillion Missing from U.S. Treasury ...
www.exopermaculture.com/2017/.../forbes-magazine-21-trillion-missing-u-s-treasury/

Dec 10, 2017 - Missing Trillions. Forbes magazine just yesterday became the first major media to blow the lid off of $21 trillion that have gone missing from the US treasury. ... It's time for us to join in demanding full transparency on how our tax dollars are used and to expose the major corruption taking place. See the “What ...DOD, HUD Defrauded Taxpayers Of $21 Trillion From 1998 To 2015
www.informationclearinghouse.info/47963.htm

Oct 6, 2017 - The report, which examined in great detail the budgets of both the DOD and the Department of Housing and Urban Development (HUD), found that between 1998 and 2015 these two departments alone lost over $21 trillion in taxpayer funds. The funds lost were a direct result of “unsupported journal ...
 
Last edited:

CCWorks

Premium VIP
Jan 3, 2010
11,483
1,464
113
Michigan
Real Name
Greg
Business Location
United States
Corporate Fat Cats Become the Nation’s Richest “Government Employees” by Leaching Off Taxpayers
Posted on March 10, 2014 by Gregory N. Heires

By GREGORY N. HEIRES
Budget hawks squawk about bloated bureaucracies and excessively paid public employees to justify their calls for slashing government services.

In recent years, their drumbeat about government waste has contributed to a political climate that has allowed for layoffs of hundreds of thousands of public employees and the imposition of salary freezes and paltry pay raises, as well as reductions of pension, health-care and other benefits.

But public employees like sewage treatment workers, teachers and social workers are far from being fat cats. Arguably, the most compensated “government” employees are actually the corporate bosses and administrators who line their pockets with taxpayer dollars for shoddy contracted-out work.
“Exposed: America’s Highest Paid Government Workers,” a report by the Center for Media and Democracy (CMD), shows how just six of those corporate chieftains have earned $100 million in recent years. But their track record for delivering services is often abysmal.

While the Center for Media and Democracy’s report focuses on only a few contractors, its message is more far-reaching, suggesting that government would generally be better off keeping work in house.
Indeed, two years ago, POGO, the Project on Government Oversight, took a look at federal contracting, which mushroomed from over $200 billion in fiscal year 2000 to more than $530 billion in fiscal year 2011.

POGO’s report, “Bad Business: Billions of Taxpayer Dollars Wasted on Hiring Contractors,” found that contractors cost 83 percent more than federal employees. The study showed that federal government employees were less expensive than contractors in 33 of the 35 occupational classifications reviewed by POGO.

In one of the greatest municipal government scandals in U.S. history, former New York City Mayor Michael R. Bloomberg’s contracted-out CityTime project, which automated the city’s payroll system, resulted in the theft and waste of hundreds of millions of dollars and the indictment more than 10 consultants. Besides helping to expose CityTime, a project on contracting out and revenue by District Council 37, which represents municipal employees, has documented how New York City’s annual $10 billion in procurement spending is marred by waste, corruption and union busting.

Poor Services and Excessive Costs
“Given these astronomical salaries, and evidence of higher prices, poor service, and at times outright malfeasance, taxpayers have every right to be concerned about how their outsourced dollars are spent,” said Lisa Graves, executive director of the Center for Media and Democracy, when the watchdog group released its report in February.

The top executives—described as the most highly compensated government employees in their fields—are:
• George Zoley, the country’s highest paid “corrections officer.” Zoley is the CEO of the private prison firm GEO Group. Between 2008 and 2012, his compensation was $22 million.
The Center for Media and Democracy estimates that GEO Group makes 86 percent of its revenue from taxpayers. Its contracts include clauses that require governments to keep prisons full or pay for empty beds. GEO Group has faced hundreds of lawsuits over prisoner deaths, assaults, and excessive force.
• David Steiner, the country’s highest paid “sanitation worker,” is president and CEO of Waste Management. He earned $45 million in compensation from 2006 to 2012. Government contracts account for 50 percent of Waste Management’s revenue, according to Goldman Sachs.

• Ron Packard, head of K12 Inc., is the country’s highest paid “teacher.” Between 2009 and 2013, he earned $19 million. He enjoyed that compensation even though only 12 percent of K12 Inc. cyber schools met state standards in 2010-2011, compared to 52 percent of public schools. CMD estimates that 86 percent of K12 Inc.’s revenue comes from taxpayer dollars.
• Jeffry Sterba, the country’s highest paid “water worker,” is president and CEO of American Water Works Co. During his three years as the company’s top executive, he has earned $8.3 million. American Water is the largest for-profit provider of water and wastewater treatment services in the country. CMD estimates that 89 percent of its revenue comes from taxpayers.
• Richard Montoni, the country’s highest paid “caseworker,” is CEO of Maximus, which provides Medicaid and government-funded welfare services for the poor. Between 2008 and 2012, Montoni enjoyed a compensation of $16 million. Wisconsin charged Maximus with improper billing in 2013. In 2007, Maximus paid the U.S. Justice Dept. $30 million after a government investigation uncovered widespread overbilling.
• Nicholas Moore, managing director and CEO of the Australian infrastructure firm Macquarie, is the country’s highest paid “road worker.” He made $8.8 million in compensation in fiscal year 2013. He has promoted the privatization of public services as a member of the American Legislative Exchange Council, which helps conservative politicians to craft legislation to privatize and reduce government services and undermine the power of public- employee unions. Macquarie has long-term contracts to run Chicago’s Skyway, Indiana’s Toll Road and the Dulles Greenway in Virginia.

Public Investment, Private Profit
These instances of privatization and contracting outstanding are disturbing for a number of reasons beyond the fact that corporate executives are profiting handsomely from taxpayer dollars.
Privatization allows companies to profit from government investments in infrastructure—roads, information technology and sewage treatment plants—without bearing the risk of making their own capital investment. Consultants often have far higher salaries than civil servants.
The takeover of government services by private companies is a form of union busting that typically replaces workers who have decent benefits with lower-paid and non-union front-line workers. And contracting out often leads to a lack of accountability, creating conditions that allow for theft and inefficiencies.
Research by Paul C. Light, a professor at New York University, shows that the total cost of federal contract employees is twice that of civil servants. The cost of military contractors is three times higher.
If only the politicians who determine how taxpayer dollars are spent would listen to credible analysts like Light instead of budget hawks whose agenda is to whack away at government services.

http://www.thenewcrossroads.com/201...vernment-employees-by-leaching-off-taxpayers/
 

CCWorks

Premium VIP
Jan 3, 2010
11,483
1,464
113
Michigan
Real Name
Greg
Business Location
United States

CCWorks

Premium VIP
Jan 3, 2010
11,483
1,464
113
Michigan
Real Name
Greg
Business Location
United States
Corporate Fat Cats Become the Nation’s Richest “Government Employees” by Leaching Off Taxpayers
Posted on March 10, 2014 by Gregory N. Heires

By GREGORY N. HEIRES
Budget hawks squawk about bloated bureaucracies and excessively paid public employees to justify their calls for slashing government services.

In recent years, their drumbeat about government waste has contributed to a political climate that has allowed for layoffs of hundreds of thousands of public employees and the imposition of salary freezes and paltry pay raises, as well as reductions of pension, health-care and other benefits.

But public employees like sewage treatment workers, teachers and social workers are far from being fat cats. Arguably, the most compensated “government” employees are actually the corporate bosses and administrators who line their pockets with taxpayer dollars for shoddy contracted-out work.
“Exposed: America’s Highest Paid Government Workers,” a report by the Center for Media and Democracy (CMD), shows how just six of those corporate chieftains have earned $100 million in recent years. But their track record for delivering services is often abysmal.

While the Center for Media and Democracy’s report focuses on only a few contractors, its message is more far-reaching, suggesting that government would generally be better off keeping work in house.
Indeed, two years ago, POGO, the Project on Government Oversight, took a look at federal contracting, which mushroomed from over $200 billion in fiscal year 2000 to more than $530 billion in fiscal year 2011.

POGO’s report, “Bad Business: Billions of Taxpayer Dollars Wasted on Hiring Contractors,” found that contractors cost 83 percent more than federal employees. The study showed that federal government employees were less expensive than contractors in 33 of the 35 occupational classifications reviewed by POGO.

In one of the greatest municipal government scandals in U.S. history, former New York City Mayor Michael R. Bloomberg’s contracted-out CityTime project, which automated the city’s payroll system, resulted in the theft and waste of hundreds of millions of dollars and the indictment more than 10 consultants. Besides helping to expose CityTime, a project on contracting out and revenue by District Council 37, which represents municipal employees, has documented how New York City’s annual $10 billion in procurement spending is marred by waste, corruption and union busting.

Poor Services and Excessive Costs
“Given these astronomical salaries, and evidence of higher prices, poor service, and at times outright malfeasance, taxpayers have every right to be concerned about how their outsourced dollars are spent,” said Lisa Graves, executive director of the Center for Media and Democracy, when the watchdog group released its report in February.

The top executives—described as the most highly compensated government employees in their fields—are:
• George Zoley, the country’s highest paid “corrections officer.” Zoley is the CEO of the private prison firm GEO Group. Between 2008 and 2012, his compensation was $22 million.
The Center for Media and Democracy estimates that GEO Group makes 86 percent of its revenue from taxpayers. Its contracts include clauses that require governments to keep prisons full or pay for empty beds. GEO Group has faced hundreds of lawsuits over prisoner deaths, assaults, and excessive force.
• David Steiner, the country’s highest paid “sanitation worker,” is president and CEO of Waste Management. He earned $45 million in compensation from 2006 to 2012. Government contracts account for 50 percent of Waste Management’s revenue, according to Goldman Sachs.

• Ron Packard, head of K12 Inc., is the country’s highest paid “teacher.” Between 2009 and 2013, he earned $19 million. He enjoyed that compensation even though only 12 percent of K12 Inc. cyber schools met state standards in 2010-2011, compared to 52 percent of public schools. CMD estimates that 86 percent of K12 Inc.’s revenue comes from taxpayer dollars.
• Jeffry Sterba, the country’s highest paid “water worker,” is president and CEO of American Water Works Co. During his three years as the company’s top executive, he has earned $8.3 million. American Water is the largest for-profit provider of water and wastewater treatment services in the country. CMD estimates that 89 percent of its revenue comes from taxpayers.
• Richard Montoni, the country’s highest paid “caseworker,” is CEO of Maximus, which provides Medicaid and government-funded welfare services for the poor. Between 2008 and 2012, Montoni enjoyed a compensation of $16 million. Wisconsin charged Maximus with improper billing in 2013. In 2007, Maximus paid the U.S. Justice Dept. $30 million after a government investigation uncovered widespread overbilling.
• Nicholas Moore, managing director and CEO of the Australian infrastructure firm Macquarie, is the country’s highest paid “road worker.” He made $8.8 million in compensation in fiscal year 2013. He has promoted the privatization of public services as a member of the American Legislative Exchange Council, which helps conservative politicians to craft legislation to privatize and reduce government services and undermine the power of public- employee unions. Macquarie has long-term contracts to run Chicago’s Skyway, Indiana’s Toll Road and the Dulles Greenway in Virginia.

Public Investment, Private Profit
These instances of privatization and contracting outstanding are disturbing for a number of reasons beyond the fact that corporate executives are profiting handsomely from taxpayer dollars.
Privatization allows companies to profit from government investments in infrastructure—roads, information technology and sewage treatment plants—without bearing the risk of making their own capital investment. Consultants often have far higher salaries than civil servants.
The takeover of government services by private companies is a form of union busting that typically replaces workers who have decent benefits with lower-paid and non-union front-line workers. And contracting out often leads to a lack of accountability, creating conditions that allow for theft and inefficiencies.
Research by Paul C. Light, a professor at New York University, shows that the total cost of federal contract employees is twice that of civil servants. The cost of military contractors is three times higher.
If only the politicians who determine how taxpayer dollars are spent would listen to credible analysts like Light instead of budget hawks whose agenda is to whack away at government services.

http://www.thenewcrossroads.com/201...vernment-employees-by-leaching-off-taxpayers/

The more I see what President Reagan did, the more I see The Ron Reagan Democrat who Ran as a Republican and who was working for General Electric

Reagan administration issued new marching orders: the privatization of government assets and services.





Imperial Presidency
Noam Chomsky
Canadian Dimension, January/February 2005 (Volume 39, Number 1)
Based on a talk delivered in Toronto on November 4, 2004


It goes without saying that what happens in the US has an enormous impact on the rest of the world – and conversely: what happens in the rest of the world cannot fail to have an impact on the US, in several ways.

First, it sets constraints on what even the most powerful state can do. And second, it influences the domestic US component of “the second superpower,” as the New York Times ruefully described world public opinion after the huge protests before the Iraq invasion.

Those protests were a critically important historical event, not only because of their unprecedented scale, but also because it was the first time in hundreds of years of the history of Europe and its North American offshoots that a war was massively protested even before it was officially launched.

We may recall, by comparison, the war against South Vietnam launched by JFK in 1962, brutal and barbaric from the outset: bombing, chemical warfare to destroy food crops so as to starve out the civilian support for the indigenous resistance, programs to drive millions of people to virtual concentration camps or urban slums to eliminate its popular base. By the time protests reached a substantial scale, the highly respected and quite hawkish Vietnam specialist and military historian Bernard Fall wondered whether “Viet-Nam as a cultural and historic entity” would escape “extinction” as “the countryside literally dies under the blows of the largest military machine ever unleashed on an area of this size” – particularly South Vietnam, always the main target of the US assault. And when protest did finally develop, many years too late, it was mostly directed against the peripheral crimes: the extension of the war against the South to the rest of Indochina – hideous crimes, but lesser ones.

Read More:

https://chomsky.info/20041217/
 
Last edited:

CCWorks

Premium VIP
Jan 3, 2010
11,483
1,464
113
Michigan
Real Name
Greg
Business Location
United States
RT news is not exactly the most believable lol... thats like watching Alex Jones


Obama administration deleted links to the most transparent admin in history? lol....




This is a Michigan Higher Education Program that discovered and reports this fraud. Not RT.




Business + Life Published: Dec. 11, 2017

MSU scholars find $21 trillion in unauthorized government spending; Defense Department to conduct first-ever audit

Contact(s): Mark Skidmore Agricultural, Food and Resource Economics office: (517) 353-9172 [email protected], Andy Henion Media Communications office: (517) 355-3294 cell: (517) 281-6949 [email protected]
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.

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 with the public has played, we believe it may have made a difference,” said Skidmore, the Morris Chair in State and Local Government Finance and Policy at MSU.

Skidmore got involved last spring when he heard Catherine Austin Fitts, former assistant secretary of Housing and Urban Development, refer to a report which indicated the Army had $6.5 trillion in unsupported adjustments, or spending, in fiscal 2015. Given the Army’s $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending.

Skidmore thought Fitts had made a mistake. “Maybe she meant $6.5 billion and not $6.5 trillion,” he said. “So I found the report myself and sure enough it was $6.5 trillion.”

Skidmore and Fitts agreed to work together to investigate the issue further. Over the summer, two MSU graduate students searched government websites, especially the website of the Office of Inspector General, looking for similar documents dating to 1998. They found documents indicating a total $21 trillion in undocumented adjustments over the 1998-2015 period. (The original government documents and a report describing the issue can be found here.)

In a Dec. 8 Forbes column he co-authored with Laurence Kotlikoff, Skidmore said the “gargantuan nature” of the undocumented federal spending “should be a great concern to all taxpayers.”

“Taken together these reports point to a failure to comply with basic constitutional and legislative requirements for spending and disclosure,” the column concludes. “We urge the House and Senate Budget Committee to initiate immediate investigations of unaccounted federal expenditures as well as the source of their payment.”

http://msutoday.msu.edu/news/2017/m...nment-spending-defense-department-to-conduct/
 
Last edited:

CCWorks

Premium VIP
Jan 3, 2010
11,483
1,464
113
Michigan
Real Name
Greg
Business Location
United States