- An audit report from the inspector general of the Pentagon found that the Pentagon cannot account for a whopping $6.5 TRILLION.
- That is not a typo, it is $6.5 TRILLION or over $50,000 for every U.S. household.
- This has been going on for a long time since former Department of Defense Secretary Donald Rumsfeld admitted $2.3 TRILLION was missing shortly after the 9-11 attacks.
- This $2.3 TRILLION has almost tripled to $6.5 TRILLION.
- Specifically, the inspector general reported declared that “the office of the assistant secretary of the army (Financial Management & Comptroller) (OASA[FM&C]) and the Defense Finance and Accounting Service Indianapolis (DFAS Indianapolis) did not adequately support $2.8 trillion in third quarter journal voucher (JV) adjustments and $6.5 trillion in year end JV adjustments occurred because OASA(FM&C) and DFAS Indianapolis did not prioritize correcting the system deficiencies that caused errors resulting in JV adjustments, and did not provide sufficient guidance for supporting system-generated adjustments.”
- Suspiciously, the inspector general could not find out why 16,513 financial records had been removed from the Pentagon budget system in the third quarter of 2015.
- More Syrian refugees being brought to this country have been men than women so far in 2016, 4,646 males vs. 4,333 women.
- 363 of the males coming in were aged between 21 and 30, prime military ages.
- 738 of the males coming in were aged between 31 and 409 years old, still of military age.
- American Apparel, until recently, provided 10% of all the apparel manufacturing jobs in the city of Los Angeles.
- However, in just a two week period back in the spring, the company terminated 500 of its employees.
- Chief Executive Paula Schneider was quoted in the Los Angeles Times that “manufacturing of more complicated pieces, such as jeans, could soon be outsourced to a third-party company.”
- However, not said was the reality that two weeks before the layoffs, the state of California had raised the minimum wage to $15 an hour.
- Lloyd Greif, CEO of Los Angeles investment banking firm Greif & Co., summed up what was happening when he told the LA Times: “They’re headed out of Dodge. They are going to outsource all garments. It’s only a matter of time.”
- Although the LA apparel business had taken huge hits over the past twenty years because of cheaper goods being imported from the Far East, the domestic apparel industry in LA had been undergoing a revival as the imports got more expensive, making the domestic production more attractive.
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