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Here Goes Your Taxes: Pentagon Discloses
“Accounting Error” Resulting in $6.2
Billion Surplus for Ukraine (VIDEO)

Original Article

Posted By: FlyRight, 6/21/2023 8:26:05 AM

The Pentagon revealed on Tuesday that an overestimation in the value of weapons sent to Ukraine over the past two years has resulted in an extra $6.2 billion of U.S. taxpayers’ money earmarked for the Eastern European country. This figure is approximately double what was originally estimated and allegedly will be utilized for future security packages. Pentagon spokesperson Sabrina Singh provided clarification on the nature of the error, explaining that the military services had used the replacement cost rather than the book value of equipment pulled from Pentagon stocks and sent to Ukraine.

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Reply 1 - Posted by: stevendm 6/21/2023 8:31:56 AM (No. 1496525)
Does anyone really believe this?
28 people like this.

Reply 2 - Posted by: Rumblehog 6/21/2023 8:39:26 AM (No. 1496536)
Now we know where all the former Enron accountants ended up working. /s
19 people like this.

Reply 3 - Posted by: Strike3 6/21/2023 8:46:04 AM (No. 1496551)
Happy Birthday Mister and Missus Zelenskyy. Now you can pay your government officials a nice bonus. Again. IIRC, Hillary Clinton lost that much when she ran the State Department under the Krooked Kenyan. It's a nice round number and anybody could lose that much.
16 people like this.

Reply 4 - Posted by: Wizard of is 6/21/2023 8:56:58 AM (No. 1496565)
This is just a scheme to allow more arms to be shipped to Ukraine. Replacement cost is exactly cost the military should be using unless we don’t intend to replace the arms we give away because when the military goes crying to Congress because they have no guns, bombs or bullets, because they gave them away or left them for the Taliban, the price the taxpayer with be forced to pay is the replacement cost. On the other hand perhaps China will already have invaded and occupied our unarmed country and we’ll just have to pay with our lives and freedom.
19 people like this.

Reply 5 - Posted by: Mcscow sailor 6/21/2023 9:09:22 AM (No. 1496580)
Exactly how do we set a book value for a used Abrams? This is absurdity.
8 people like this.

Reply 6 - Posted by: udanja99 6/21/2023 9:10:17 AM (No. 1496581)
This is not the first time this has happened recently. $6.2 billion covers a lot of kick-backs.
29 people like this.

Reply 7 - Posted by: MickTurn 6/21/2023 9:26:22 AM (No. 1496595)
Yea, the Leftist counting the money...1 for you, 1 for me, 1 for you 10 for me, 1 for you 1000 for me.............
7 people like this.

Reply 8 - Posted by: Bur Oak 6/21/2023 9:28:57 AM (No. 1496600)
One might come to the conclusion that Washington just makes stuff up to do whatever they want to do.
24 people like this.

Reply 9 - Posted by: ARKfamily 6/21/2023 9:51:53 AM (No. 1496621)
Is this an old story or is this another error?
8 people like this.

Reply 10 - Posted by: Arrowhead 6/21/2023 9:53:58 AM (No. 1496622)
"Accounting error"? Why isn't the pentagon held accountable for the $ TRILLIONS in taxpayer money they cannot account for? The pentagon has failed their last 5 audits in a row. Of an $800 BILLION a year budget, the pentagon has no idea where 61% of that money went. Over a 5 year period, we are talking about trillions. So I say we fine the pentagon by the amount they cannot account for...
12 people like this.

Reply 11 - Posted by: David Key 6/21/2023 9:56:14 AM (No. 1496626)
Wow, so they used the book value not the replacement costs. Seems to me the replacement costs are what the taxpayers of the USA are going to have to spend for the weapons we already paid for once. The Democratic war makers are responsible for the costs but the people are the ones who will have to ante up and pay the bills. Lets poll the countries tax payers and find out what they think about our entrance into a war we really have no business in.
8 people like this.

Reply 12 - Posted by: daisey 6/21/2023 10:33:50 AM (No. 1496661)
This is bull excrement, and nothing but a way to send Ukraine more money. They own Biden, apparently. What a crock. We are compromised, thanks to all the dirty deals of the Biden family. Sounds like extortion.
14 people like this.

Reply 13 - Posted by: Mofongo 6/21/2023 10:59:47 AM (No. 1496680)
They are trying to make us despise our country.
6 people like this.

Reply 14 - Posted by: Nimby 6/21/2023 11:28:33 AM (No. 1496700)
cut it out
6 people like this.

Reply 15 - Posted by: cor-vet 6/21/2023 11:28:44 AM (No. 1496701)
Government( ex Enron) book-keepers at it again. I thought they all worked for the VA, but I guess a few got into the pentagon. Replacement costs will be like replacing the $24 a bbl. oil that PDT filled the petroleum reserve with, with $80 bbl. replacement oil from our middle east friends.
5 people like this.

Reply 16 - Posted by: columba 6/21/2023 11:33:11 AM (No. 1496707)
It is a civil war. Why are we involved?
8 people like this.

Reply 17 - Posted by: DVC 6/21/2023 11:58:57 AM (No. 1496731)
A lot of the "accounting" of military equipment for Ukraine has been BS. For example, an M113 Armored Personnel Carrier which was built in the 1960s, and is now 60 years old, originally cost $300K. We built about 80.000 of them over the years, and stopped using them 15-20 years ago, but have HUGE numbers just parked in storage. So - if you give a 30,40 or 50 year old APC to Ukraine that has been sitting in a warehouse for 20 years, what is it's "value"? They have been "valuing" a lot of this equipment at "new value". Try that with the IRS on a 40 year old pickup truck....unless it is a collector truck that has gone through a total restoration to show condition, the actual value is probably $500 or $1,000. Claiming new value when you give it away as a tax deduction will get a fine from the IRS. And what about old munitions? Buy an artillery shell for $5K, with a shelf life of 20 years. When it has two years of shelf life left, and you give it to Ukriane - rather than waiting two years and paying $4K to have it destroyed it still worth the $5K new cost? Most accounting won't let you claim that, and you could make the case that the old, about to become dangerous and unusable shell is a net liability, since you can give it away for nothing, but would have to pay a bunch of money to safely scrap them. LOTS of BS accounting when giving away old military hardware. Figuring real value for these "budgets" is mostly BS. Like giving away any old, used stuff - what do you get for that $1,000 dining table at a garage sale? Maybe $50? Old used stuff isn't worth it's new cost, even if some second user can use it.
5 people like this.

Reply 18 - Posted by: rytwng 6/21/2023 12:20:52 PM (No. 1496754)
How much did the fake president biden get.
1 person likes this.

Reply 19 - Posted by: Birddog 6/21/2023 12:32:22 PM (No. 1496766)
Wunnerfulll! for the Biden administration and pentagon to do this...FELONY! When a Trump company does.(differing valuations for tax, loan, purchase, or sale purposes). OK, do the same maths for the petroleum reserves..
3 people like this.

Reply 20 - Posted by: LeeBertie 6/21/2023 2:55:15 PM (No. 1496863)
Is every human being who works for the US government incompetent, corrupt, lazy, stupid, or all of the above?
6 people like this.

Reply 21 - Posted by: TCloud 6/21/2023 3:59:39 PM (No. 1496905)
Everyday is Palm Sunday for US Pols. They are about as Giddy as Giddy gets!
0 people like this.

Reply 22 - Posted by: Periwinkel 6/21/2023 4:53:52 PM (No. 1496941)
I'm sure there are many grasping Senatorial fingers to take care of that $6.2 billion! You can bet the beleaguered taxpaying public won't see a dime in rebates.
2 people like this.

Reply 23 - Posted by: DVC 6/21/2023 10:28:14 PM (No. 1497157)
People.....when you hear hoofbeats, don't assume zebras. It's probably horses.
2 people like this.

Reply 24 - Posted by: mifla 6/22/2023 5:10:35 AM (No. 1497227)
Anyone getting fired?
3 people like this.

Reply 25 - Posted by: walcb 6/22/2023 10:29:43 AM (No. 1497380)
They are not fooling me, that extra money is going into developing flying saucers.
1 person likes this.

Reply 26 - Posted by: Zigrid 6/22/2023 11:44:50 AM (No. 1497453)
Answer to poster #1...NO...WE don't believe this...the money went to the oligarchs running the war and 10% to the big guy and his buddies wonder crooked Hillary wants to win...she's left out in the more uranium to Russia from Hillary when she can't control the government....and that's why she'll run for president again....
1 person likes this.

Reply 27 - Posted by: Namma 6/22/2023 12:26:10 PM (No. 1497476)
Really. An error. Over 6 BILLION. tell Biden’s buddy zelensky to return the money. If he does not, then we know without a doubt that it was no “error!”
3 people like this.

Reply 28 - Posted by: rochow 6/22/2023 2:19:52 PM (No. 1497544)
Right! Don't you just hate it when you have these problems in your checkbook??
1 person likes this.

Reply 29 - Posted by: WimeTarmerFable 6/22/2023 2:46:39 PM (No. 1497560)
They just bought new Currency Washing Machines for Ukraine.
1 person likes this.

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