The links that have been deleted must be made available.
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says you can add $21 trillion of missing federal money on top of the $20 trillion U.S. deficit. It’s all in a new explosive report on Solari.com.
The new report was put together by Dr. Mark Skidmore at Michigan State University, and it is a detailed year-by-year study of DOD and HUD budgets between 1998 and 2015. The missing money is called “undocumentable adjustments,” but that may just be a polite name for theft, fraud and crime against “We the People.” Fitts contends, “Here’s the critical issue because technology is leading us through tremendous change, and the people who get their hands on this technology and are able to subsidize the cost of capital are the ones that are going to win. They have done that by basically hijacking the federal credit and using it to help centralize power under them. So, we have to reverse that, and the Constitution is the tool to hold them accountable. All their arguments just fall down when you realize they have just stolen an enormous amount of money from the federal government outside the law. . . . The U.S. Federal government doesn’t have information sovereignty, and it doesn’t have financial sovereignty. So, we have to return it to that, and we have to keep that mechanism open long enough to get this money back.”
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. The transfer is labeled as an “adjustment” and indicates it was to reconcile past years. However, Skidmore says he finds it troubling since the report also shows multiple transfers of around $130 billion. He says he tried to talk to those who created the report, but stopped when officials disabled the online links to view the documents. “If trillions of dollars are flowing in and flowing out, it appears to be outside of our Constitution and outside of the rule of law,” said Skidmore. “If that’s the case, that really is troubling.” The professor believes the missing funds could even be a national security issue. He says it’s unacceptable, and is urging the American people to “stand up.”
In addition to the above fraud and waste, the refusal by congress to perform its constitutional and lawful duties costs taxpayers billions of dollars.
Congress hasn’t passed a budget on time for seven of the last eight years. This year Congress is working on borrowed time again for its 2017 budget. The federal government is operating under a CR until at least April 28. The military services are crying foul since they aren’t getting the money promised to them for new start programs and planned expansions. The military service chiefs from each branch told Congress in April that a full year CR would be detrimental to military readiness.
Secretary of the Navy Richard V. Spencer said Monday the problem of temporary, Congress-provided funds to the service has forced the Navy to burn $4 billion dollars of cash.
Spencer called for an end — at the U.S. Naval Institute’s Defense Forum Washington 2017 — to Congress’ practice of providing temporary funds in the form of continuing resolutions and keeping the Budget Control Act on the books, that introduces serious defense cuts. The start-and-stop costs associated with temporary funds has forced the Navy to dump $4 billion dollars of taxpayer funds into a trash can, pour lighter fluid on the pile and burn it, according to Spencer.
“There’s the opportunity to lead,” Spencer said. “And the opportunity to address what has been the most harmful impediment to reaching our goal: the Budget Control Act and continuing resolutions we’ve seen—and will continue to be incredibly harmful unless we address this as soon as possible. [Continuing resolutions] cost the Department of the Navy roughly $4 billion dollar.”
“Since 2011, we have put $4 billion in a trash can, put lighter fluid on top of it and burned it,” he added. With an extra $4 billion in hand, the Navy would be able to “buy a squadron of F-35s, two early class destroyers, 3,000 Harpoon missiles, 2,000 tactical Tomahawk missiles,” Spencer noted. The $4 billion was totally lost because of inefficiencies introduced by continuing resolutions, according to Spencer.