APFN
More than $1.1 trillion of federal government money is miss
Fri Aug 8 19:49:02 2003
64.140.158.211

More than $1.1 trillion of federal government money is missing.
http://www.ipetitions.com/campaigns/missing_money/


More than $1.1 trillion of federal government money is missing. Our government leaders say they will not account for it. However finding this money could solve all of our federal, state and local budget crises.

Where is the Money?

The Department of Housing and Urban Development Office of the Inspector General has reported that HUD has not and will not account for $59 billion of "undocumentable adjustments."

The Department of Defense Office of the Inspector General has reported that DOD has not and will not account for $1.1 trillion of "undocumentable adjustments."

The "undocumentable adjustments" made by these government agencies are much like the balance adjustments many of us make when reconciling our checkbooks. Except that the amounts are staggering: California's share of the "undocumented adjustments" is $128 billion -- more than three times its current $35 billion budget deficit. The average American's share of the "undocumented adjustments" is almost $4,000 per person.

Where is the Money?

The fictional New Jersey mob family of The Sopranos television program has shown how some people make money by defaulting and foreclosing on HUD homes and destroying communities. Are the episodes of TV mobsters more informative about HUD operations than HUD financial statements?

A General Accounting Office report found that the U.S. Army lost track of 56 airplanes, 32 tanks, and 36 Javelin missile command launch-units. Are planes, tanks and missiles running away from home?

We, the undersigned, are being asked to pay for government corruption and fraud. We are paying with taxes, unemployment, foreclosures and bankruptcies. We are paying with cutbacks in services, deteriorating public infrastructure, and declining quality of life in our neighborhoods. We are paying with reduced health care and retirement benefits.

We worry about the effect of the federal government's deteriorating financial condition on our children and grandchildren's financial security and education and on our environment. Such significant financial corruption is a national security issue.

US Citizens provide financial reports and supporting documentation to the IRS annually, as required by law. We insist that the US government be held to the same standard.

Where is the Money?

We demand a complete and accurate balancing of the books of all US government agencies.

We want a full audited accounting of the real cash and assets that should be in our national bank accounts and inventories.

Furthermore, we demand that all government financial data on the expenditure of our tax revenues, the management of federal credit, and all agency contractor budgets be made publicly available via open website access.

With citizen access to our financial data, we will find our money.

Where is the Money?
http://www.ipetitions.com/campaigns/missing_money/

Mainstream News Coverage

Pentagon Fights for (Its) Freedom
CBS News, May 19, 2003:
http://www.cbsnews.com

Military waste under fire $1 trillion missing
San Francisco Chronicle, May 18, 2003:
http://www.sfgate.com

So much for the peace dividend
The Guardian, May 22, 2003:
http://www.guardian.co.uk

Color Codes: The Deja Vu View - Back to abnormal
San Francisco Chronicle, May 25, 2003:
http://www.sfgate.com

HUD's Financial Woes Continue
Insight, April 18, 2003:
http://www.insightmag.com

Government Fails Fiscal Fitness Test
Insight, April 29, 2002:
http://www.insightmag.com

Congressman Kucinich on NPR's 'Morning Edition'
NPR, June 28, 2003:
http://www.denniskucinich.us


Independent News Coverage

US's Missing Trillions Make Mainstream At Last
Scoop, May 26, 2003:
http://www.scoop.co.nz

On the Money Trail
MetroActive, September 5, 2002:
http://www.metroactive.com

Questions for a Congressman
Scoop, July 4, 2002:
http://www.scoop.co.nz 

APFN - MONEY
http://www.apfn.org/apfn/money.htm

$1.1 Trillion and $59 Billion Government Disclosures

D-2002-055 Independent Auditor's Report on the Department of Defense Fiscal Year 2001 Agency-Wide Financial Statements (02/26/02) (Project D2001FI=0172.000) -- In Four Parts @:
http://www.dodig.osd.mil/Audit/reports/02report.htm

Testimony of the HUD Inspector General re: $59 Billion Undocumentable Adjustments in FY 1999:
http://solari.com/learn/59billion.htm

Government Research Links

US Code
The Chief Financial Officers Act of 1990:
http://wwwoirm.nih.gov/itmra/cfoact.html

HUD Reform Act of 1989:
http://bushlibrary.tamu.edu/papers/1989/89121500.html

Government Management Reform Act of 1994:
http://govinfo.library.unt.edu/npr/library/misc/s2170.html

Executive Branch
Department of Treasury:
http://www.treas.gov

Department of Treasury -- Internal Revenue Service:
http://www.irs.gov

DOD Office of Inspector General:
http://www.dodig.osd.mil

HUD Office of Inspector General:
http://www.hud.gov/offices/oig

Congress
House Committee on Government Reform,
Government Efficiency & Financial Management Subcommittee:
http://reform.house.gov

Senate Government Affairs Committee:
http://govt-aff.senate.gov

Senate Government Affairs Thompson Report -- Government at the Brink Vol. 1 & 2:
http://govt-aff.senate.gov/issues.htm

House Appropriations:
http://www,house.gov/appropriations

Senate Appropriations:
http://appropriations.senate.gov

Congressional Audit, Evaluation and Investigation
General Accounting Office (GAO):
http://www.gao.gov 

UNKNOWN NEWS:
http://www.unknownnews.net/a0703.html 



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