Are There Really Missing Pentagon Funds?

Many have debated and speculated over the seemingly astronomical amount of missing funds in the Pentagon's coffers. However, a closer examination reveals a different picture altogether. Let's explore the context behind the claim of 2.3 trillion dollars and why the term missing is misleading.

The Origen of the 2.3 Trillion Dollar Figure

The source of the 2.3 trillion dollar discrepancy can be traced back to a quote given by former US Secretary of Defense, Donald Rumsfeld, in 2001. During a Senate Armed Services Committee hearing, Rumsfeld mentioned that the Pentagon was dealing with accounting entries exceeding 2.3 trillion dollars, which lacked proper documentation. It is important to note that this was not actual missing funds but rather auditable entries.

An Examination of the FY1999 Audit

The 2.3 trillion dollar figure came from an audit conducted on the fiscal year 1999. At that time, the Pentagon’s budget was less than 500 billion dollars. This means that the reported 2.3 trillion dollar discrepancy was much higher than any public Pentagon spending, casting doubt on the feasibility of actual misappropriation.

Government Accounting Principles mandate that accounting entries must be clearly backed up by supporting documentation and approvals. Therefore, the existence of 2.3 trillion dollar entries in their accounting systems was a significant sign that the Pentagon's record-keeping processes require immediate attention.

The Significance of Proper Accounting Practices

Government agencies, including the Pentagon, are expected to adhere to rigorous auditing procedures. This ensures transparency and accountability in government spending. The current system at the Pentagon is failing this standard, which is a serious issue for both financial and legal reasons.

The lack of proper record-keeping and procedures for ensuring the accuracy of financial records raises concerns about the efficiency and integrity of the Pentagon's operations. This is why there is a call for improved due process and accountability in the Pentagon's financial management.

Why a 911 Due Process is Needed

Given the importance of financial accountability, it is also necessary to consider whether there should be a 911-style due process to investigate and prosecute individuals responsible for such significant financial discrepancies. The 911 Commission, established to investigate the September 11 attacks, provided a stringent framework for accountability and transparency. Similar oversight and scrutiny are needed for financial discrepancies, especially when they are as large as 2.3 trillion dollars.

A due process such as a 911-style mechanism would ensure that any financial irregularities are thoroughly investigated, and those responsible are held accountable. This includes ensuring that the investigative process is transparent, fair, and backed by the rule of law.

Conclusion

In conclusion, the claim of missing funds in the Pentagon's coffers is a myth. The 2.3 trillion dollar figure is the result of an audit that highlighted the need for better record-keeping practices. To address this, there is a need for stringent financial oversight and accountability mechanisms, similar to what was established after the 9/11 attacks. This will ensure that both current and future financial discrepancies can be identified, investigated, and addressed thoroughly.

By enforcing strict financial accounting standards and implementing robust due process, we can enhance transparency and trust in the Pentagon's financial management, which is crucial for the public's confidence in the defense department's operations.