Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the Departments of Defense and Housing and Urban Development for the years 1998-2015.
The work of Mark Skidmore, his team and, Catherine Austin Fitts, former assistant secretary of Housing and Urban Development, included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. (Luckily, the researchers downloaded and stored the documents.) “Unsupported”, meaning they lack supporting documentation to justify the adjustment or are not tied to specific accounting transactions….” So, the transactions are not being captured, reported, or summarized correctly.
Now, the U.S. Department of Defense has announced it will conduct the first department-wide, independent financial audit in its history (read the Dec. 7 announcement here). I got involved with the idea that there was “Missing Money” from the U.S. Defense Department in the year 2009. I discovered the California Guard was experiencing a financial calamity in its Army and Air departments; and the U.S. Department of Defense had never been through a financial audit.
I started writing about my personal experiences during the calamity, as they unfolded from 1997 to 2014. I even wrote a series of military books based on this time period. Dr. Mark Skidmore and Catherine Austin Fitts also conducted research into the U.S. Department of Defense and our information is almost identical. Watch my comparison video here.