The Nation reports:
The fraud works like this. When the DoD submits its annual budget requests to Congress, it sends along the prior year’s financial reports, which contain fabricated numbers. The fabricated numbers disguise the fact that the DoD does not always spend all of the money Congress allocates in a given year. However, instead of returning such unspent funds to the US Treasury, as the law requires, the Pentagon sometimes launders and shifts such moneys to other parts of the DoD’s budget.
Veteran Pentagon staffers say that this practice violates Article I Section 9 of the US Constitution, which stipulates that
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.
(click here to continue reading Exclusive: The Pentagon’s Massive Accounting Fraud Exposed | The Nation.)
Here’s a big reason for the country’s deficit. Plug these holes, and perhaps universal healthcare won’t seem like such a pie-in-the-sky idea.