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Politics : Mainstream Politics and Economics
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To: TimF who wrote (24094)8/19/2012 8:42:33 PM
From: Broken_Clock  Read Replies (1) of 85487
 
2012 just a guess because the GAO says they are so screwed up the numbers arew too funny to count.

en.wikipedia.org

Audit of 2011 budgetAgain in 2011, the GAO could not "render an opinion on the 2011 consolidated financial statements of the federal government", with a major obstacle again being "serious financial management problems at the Department of Defense (DOD) that made its financial statements unauditable". [19]

In December 2011, the GAO found that "neither the Navy nor the Marine Corps have implemented effective processes for reconciling their FBWT." According to the GAO, "An agency’s FBWT account is similar in concept to a corporate bank account. The difference is that instead of a cash balance, FBWT represents unexpended spending authority in appropriations." In addition, "As of April 2011, there were more than $22 billion unmatched disbursements and collections affecting more than 10,000 lines of accounting." [20]

Budget breakdown for 2012
Defense-related expenditure2012 Budget request & Mandatory spending [21] [22]Calculation [23] [24]
DOD spending$707.5 billionBase budget + "Overseas Contingency Operations"
FBI counter-terrorism$2.7 billionAt least one-third FBI budget.
International Affairs$5.6–$63.0 billionAt minimum, foreign arms sales. At most, entire State budget
Energy Department, defense-related$21.8 billion
Veterans Affairs$70.0 billion
Homeland Security$46.9 billion
NASA, satellites$3.5–$8.7 billionBetween 20% and 50% of NASA's total budget
Veterans pensions$54.6 billion
Other defense-related mandatory spending$8.2 billion
Interest on debt incurred in past wars$109.1–$431.5 billionBetween 23% and 91% of total interest
Total Spending$1.030–$1.415 trillion

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