Update on the $21 Trillion in Unsupported Adjustments at the Department of Housing and Urban Development and the Department of Defense

By Mark Skidmore

It has now been about nine months since Catherine Austin Fitts and I released a report demonstrating how official government records indicate that the Department of Housing and Urban Development (HUD) and the Department of Defense (DoD) had $21 trillion in undocumentable adjustments over the 1998-2015 period. Over the past several months, I have repeatedly tried to contact the Office of the Inspector General (OIG) in an effort to obtain additional information regarding the nature of the unsupported adjustments. However, no information has been provided and the OIG is no longer responding to inquiries.

In late May 2018, a graduate student at Michigan State University found on the OIG website the most recent report for the DoD, which summarizes unsupported adjustments for fiscal year 2017. However, this document differs from all previous reports in that all the numbers relating to the unsupported adjustments were redacted. That is, all the relevant information was blacked out. The report can be accessed here.

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