Comedian Lee Camp on his show Redacted Tonight recalls the first-ever audit of the Pentagon, which is taking 2,400 auditors to do the job, trying to understand where $21 trillion in unsupported adjustments went. In his show, Camp recalled that a couple of years ago professor Mark Skidmore of Michigan State University heard Catherine Austin Fitts, former Assistant Secretary in the Department of Housing and Urban Development, say that the Department of Defense Inspector General had found $6.5 trillion worth of unaccounted for spending by the Army in 2015. Skidmore, being an economics professor, thought “she meant $6.5 billion and not $6.5 trillion”, because “trillion would mean the Pentagon misplaced more money than the Gross Domestic Product of the whole of the United Kingdom” (UK’s GDP $2.62 trillion), Camp said. “So he looked into the Inspector General’s report and he found something interesting: it was 6.5 trillion dollars!”
Skidmore and Catherine Austin Fitts did more digging and conducted a search of government websites. They found similar reports dating back to 1998. These documents indicate $21 trillion in unsupported adjustments that had been reported for the DoD and Housing and Urban Development for the years 1998 -2015. “If you make 40,000 USD a year, how long would it take you to make one trillion dollars? It would take you 25 million years, which sounds like a long time, but once you get past the ten million mark, it really flies by,” Camp noted.
As Forbes magazine pointed:
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