A trillion is a million million.1,000,000,000,000. That’s a 1 followed by 12 zeros. The entire US economy (GDP) is 21 trillion dollars.
On September 10, 2001, then U.S. Defense Secretary Donald Rumsfeld disclosed that his department was UNABLE TO ACCOUNT FOR roughly $2.3 TRILLION worth of transactions. The next day, the U.S. sustained the terrorist attacks that changed the world, and this startling revelation was forgotten.
By 2015, the amount reported missing had increased to $6.5 trillion—and that was just for the army.
$21 trillion was reported between 1998 and 2015. That’s about $65,000 for every American.
A trillion here and a trillion there: pretty soon you’re up to some REAL money.
Just to clarify…
The entire US economy (GDP) is presently 21 trillion dollars.
By 2015, the DOD was unable to account for $21 trillion cumulatively for the years between 1998 and 2015. Just the DOD!
It’s a coincidence that it’s the same number.
Flushed down the drain
Actual Quote:
“The technology revolution has transformed organizations across the private sector, but not ours, not fully, not yet. We are, as they say, tangled in our anchor chain. Our financial systems are decades old. According to some estimates, we cannot track $2.3 trillion in transactions. We cannot share information from floor to floor in this building because it’s stored on dozens of technological systems that are inaccessible or incompatible.” Secretary of Defense, Donald Rumsfeld. Monday September 10th, 2001
https://www.metabunk.org/threads/debunked-rumsfeld-says-2-3-trillion-missing-from-the-pentagon.165/
U.S. military spending/defense budget for 1999 was 270 billion. The 2019 was $731 billion.
In 2001, Donald Rumsfeld said ‘According to some estimates, we cannot track $2.3 trillion in transactions.’ This has been misinterpreted by many people as $2.3 trillion actually going missing. However, it’s really just about the way the money was accounted for.
“We cannot track” does not mean that money went missing. It means that their systems are so out of date and not compatible with each other that they can’t track (by computer) transactions across departments. In order to do that, they would have to do it manually. The money is not missing, money went into the Pentagon, and products and services came out – it’s just too complicated to follow the trail of exactly how that happened up to acceptable accounting practices.”
It is true that the Pentagon is flush with (taxpayers) money and you can only guess how much of it is actually flushed down the corrupt drain.