Pentagon racks up $35 trillion in accounting adjustments in one year - The Boston Globe

Source: The Boston Globe - View Original Article
Published: Jan 23, 2020
Category:
Bias Rating:

54% Conservative


Bias Score Calculation:


Policies:

Gun Control
DACA
Military Spending
Eminent Domain
Public Education Spending

Sentiments

75% "The size and scope of unsupported adjustments is deeply concerning because it tells a story of poor internal controls and lack of financial data ..."
69% "Many of these older systems ''were designed without consideration for current financial accounting standards,'' Sherwood said.""
67% "The military services make adjustments, some automatic and some manual, monthly and quarterly, and those actions are consolidated by the Pentagon's primary finance and ..."
55% "The figure dwarfs the $738 billion of defense-related funding in the latest US budget, a spending plan that includes the most expensive weapons systems ..."


*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

Extremely
Liberal

Very
Liberal

Moderate-left

Neutral

Moderate-right

Very
Conservative

Extremely
Conservative

100%

100%

Contributing sentiments towards policy:

75% : Although it gets scant public attention -- compared with airstrikes, troop deployments, sexual assault statistics, or major weapons programs -- the reliability of the Pentagon's financial statement is an indication of how effectively the military manages its resources.
75% : The size and scope of unsupported adjustments is deeply concerning because it tells a story of poor internal controls and lack of financial data integrity.''
69% : Many of these older systems ''were designed without consideration for current financial accounting standards,'' Sherwood said.
67% : The military services make adjustments, some automatic and some manual, monthly and quarterly, and those actions are consolidated by the Pentagon's primary finance and accounting service and submitted to the Treasury.
55% : The figure dwarfs the $738 billion of defense-related funding in the latest US budget, a spending plan that includes the most expensive weapons systems in the world, including the F-35 jet as well as new aircraft carriers, destroyers, and submarines. ''

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

Share via
Copy link
Powered by Social Snap