2006-04-09

Estimate $3.3 Trillion Missing From U.S. Treasury

While Americans worry about the disastrous effects on our economy of the accounting scandals at Enron, WorldCom and elsewhere, an even larger accounting scandal has somehow escaped the public consciousness. According to estimates, the Department of Defense and the Department of Housing and Urban Development cannot account for over $3 trillion allotted to them by Congress, amounting to thousands of dollars of missing money for every man, woman and child in the country.
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Then there is the trillions missing from the Pentagon budget while Dov Zackeim was comptroller. Where is all this tax money vanishing to? more >>>