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Dec 06 2017

Economics Prof: $21,000,000,000,000 Missing From Federal Budget

On the dark side of the moon stand vast palaces made completely of gold, where federal bureaucrats plan to retire. Or maybe they constructed a city of platinum under a giant dome at the bottom of the sea. Either might explain what they have done with the missing $21 trillion:

An economics professor at Michigan State University made a shocking discovery while reviewing the finances of the federal government.

Dr. Mark Skidmore claims he and a group of graduate students discovered $21 trillion missing in the federal budget going back to 1998.

In one instance, the team found an unauthorized transfer of $800 billion dollars from the Treasury Department to the U.S. Army.

That 12-digit transfer was described as an “adjustment.” The wealth we work so hard to generate is adjusted out into the ether, never to be seen again.

He says he tried to talk to those who created the report, but stopped when officials disabled the online links to view the documents.

This is known in Washington as “transparency.”

He says it’s unacceptable, and is urging the American people to “stand up.”

To Big Government? No one seems to be interested.

The national debt recently rocketed past $20½ trillion. If we could get the lost money back, we could pay our way out of the hole. But then the government would just dig us into another one.

On a tip from J.

25 Responses to “Economics Prof: $21,000,000,000,000 Missing From Federal Budget”

  1. GhostRider2001 says:

    Check the pockets of all government workers, their friends, and especially Congress. There still are honest people in government, but there are fewer of them every year.

  2. ICEvictim says:

    it’s down to two things – incompetent accounting and theft.

    When you’ve got various agency folks with government credit cards using them on cruises and to buy personal furniture or drinks at their favorite stripper bar with ZERO punishment this is what you get.

    In addition, so many agencies are managed by quota queens who couldn’t add two and two and get the same answer twice responsible for filing proper billing and accounting data.

  3. magic1114 says:

    It might help explain how legislators can enter office with $100,000 in the bank and come out as multi-millionaires. That and maybe they should take a closer look at Obola’s finances…

  4. Mr. Freemarket says:

    Does that include the state department’s missing billions when Hillary was in charge?

  5. Mr. Freemarket says:

    BTW, how are the American people supposed to “stand up?”

    I believe the only effective way to stand up is to stand up in the voting booth and send different folks back to DC.

  6. Eddie_Valiant says:

    The certain side effect of a bloated, overreaching Federal gubmint.

  7. Frank says:

    That was a rounding error.

  8. Frank says:

    “Meet the new boss. Same as the old boss.”

  9. THOUGHTCRIMINAL2084 says:

    If we all stood up, they would put everyone of us down – in the old yeller sense. Then again, that has been the plan for generations.

  10. THOUGHTCRIMINAL2084 says:

    Voting booth? HAHAHA. Sending a different set of crooks to play with the silver and giving them the combination to the safe, isn’t going to bring the results you want.

  11. THOUGHTCRIMINAL2084 says:

    Pocket change lost in the couch cushions..

  12. THOUGHTCRIMINAL2084 says:

    There’s nothing incompetent about stealing $21 TRILLION – as a matter of fact it demonstrates remarkable competency and resolve.

  13. THOUGHTCRIMINAL2084 says:

    Honest people in government = those who only steal their fair share

  14. Frank says:

    I thought execrable LBJ pulled one off when he drained the S.S. Trust Fund of $2,100,000,000,000!

  15. ICEvictim says:

    I was in the Civil Circus and I can tell you that millions go “missing” every year because they can’t fill out forms correctly and then can’t add two and two and get the same answer every time. You should read some of the audit reports.

  16. THOUGHTCRIMINAL2084 says:

    William Plunkett of Tammany Hall coined a phrase for that over a century ago: Honest Graft.

    It is only incompetence when some politico or his connection’s pockets are not lined. It is all intended. Look at “healthcare” – do you really believe it is incompetence when more millionaires are made by looting the hundreds of billions that go into funding it? Not a week goes by where an honest politically favored group member doesn’t make headlines for looting millions in NYC alone. What doesn’t make the headlines is the $10,000 fine and no-jail plea they take before re-embarking on their chosen trade with the blessing of so many politicians who go out of their way to celebrate them. Someone has to do the their money laundering in luxury real estate – it isn’t as if the looted peasants can do it you know.

  17. Frank says:

    Check for it in Hum A. Wiener’s “change purse”.

  18. Franklyfrank says:

    And Liberals wonder why I am a constitutionalist conservative…

  19. bobw-66554432 says:

    When I was in the military we reached end of fiscal year and had to re-run the civilian payroll from the beginning of the year at a base because “there was to 50 cent discrepancy in someone’s pay in the first payroll of the year.”

    I pulled two quarters out of my pocket and said “give these to whoever is supposed to get them” and was told “we can’t do that, the books have to balance perfectly.”

    My how the government changed between 1979 and 1998. So who was president in 1998? He’s responsible isn’t he?

  20. Mr. Freemarket says:

    More rapid turnover of our representatives would be a good thing.

  21. Mr. Freemarket says:

    Maybe Hillary lost the IOU when she was busy cleaning servers.

  22. Bless his heart says:

    $21 Trillion. Chump change among friends.

  23. BiffWellington says:

    Perhaps Dr. Skidmark needs new batteries for his calculator…

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