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Monday, December 18, 2017

Economist: $21 Trillion Missing From Federal Budget

US federal government may have spent as much as $21 trillion on things they can’t account for between 1998 and 2015, he says

The US government may have misspent $21 trillion, a professor at Michigan State University has found. Papers supporting the study briefly went missing just as an audit was announced.

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. At least that’s what Mark Skidmore, a Professor of Economics at MSU specializing in public finance, and his team have found.

They came up with the figure after digging the websites of departments of Defense (DoD) and Housing and Urban Development (HUD) as well as repots of the Office of the Inspector General (OIG) over summer.

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13 comments:

Anonymous said...

With stories like Hillary's state department "losing" 8 billion dollars at one swipe, this doesn't come as a surprise.

Anonymous said...

DoD no wonder.

Anonymous said...

It ALL is at the CLINTON FOUNDATION of course !!!!

Anonymous said...

And what better way to make up the deficit but with a completely idiot “tax cut” bill.

Anonymous said...

Isn’t that the cash Obama’s gave Iran?

Anonymous said...

Do you really think billionaires earned their money?

Anonymous said...

Cut these unaccountable funds from their budget. Spending funds that are unaccountable means they don't need the money.

Anonymous said...

Obama stole it.

Anonymous said...

No no it is in Obama's new homes.

Anonymous said...

And himself. Why is he so rich now?

Anonymous said...

That's my line🌋

lmclain said...

I'm telling you ---
The ONLY way to stop them is to suspend them about 6 feet off the ground, by their neck.
21 TRILLION???
"We, the people" steal a box of diapers and 50 cops will do a high speed chase through neighborhoods, bring out a helicopter, and shoot people along the way who "scared" them.
THEY steal hundreds of billions and there isn't even an investigation.

Two Sets of Laws.
And you dummies cannot stop cheering!

WTF is the matter with you?? Are you that stupid?

Anonymous said...

Pelosi & Shumer have it !!!