Another day, another 6.2 billion dollars to Ukraine. Isn’t that the saying? I need someone to explain this to me like I’m Michael Scott. How in the actual fuck can this happen? 6.2 billy? WHAT?! I’m not going to pretend like I know anything about accounting. I got a C- in managerial accounting and another in whatever the other class was. I don’t know shit about fuck BUT! What I do know is that it’s pretty fucking ridiculous that an “accounting error” can magically generate an “extra” 6.2 billion dollars.
Pentagon Announces Accounting “Error”
“We discovered inconsistencies in equipment valuation for Ukraine. In a SIGNIFICANT number of cases, services used replacement costs rather than net book value, thereby overestimating the value of equipment drawn down from U.S. stocks… These evaluation errors in no way limited or restricted the size of any of our, or provision of support to Ukraine.” Not my words, Deputy Pentagon Press Secretary Sabrina Singh’s words.
As much as I’d like to pretend that I have any inkling of what Sabrina is saying, it’s beyond the limits of my pea brain. So, I’m going to refer you to a trusted source, Unusual Whales. This account is known for tracking politicians’ stock trades as well as stock market news. I recommend giving them a follow if you’d like to make the same trades our politicians (on both sides) make. They don’t lose.
From unusualwhales.com
On Tuesday, the Pentagon announced that it had overestimated the value of the weapons it had supplied to Ukraine over the past two years by $6.2 billion. This figure is about twice the initial estimates. The error occurred because the military services used replacement costs instead of the book value of the equipment taken from Pentagon stocks and sent to Ukraine. The revised calculations indicate an error of $3.6 billion in the current fiscal year and $2.6 billion in the previous fiscal year, which ended on September 30, 2022.
As a result of this overestimation, the Department of Defense now has extra funds that can be used to support Ukraine in its efforts against Russia.
Pentagon Accounting 101
After deciphering the information above, I’ve come to 2 conclusions.
1. Money isn’t real.
It has to be fake and we must be living in a simulation. In what world can this happen? The best part is that they are making it seem like it’s no big deal. Like you can just wipe your ass with a 6.2-billion-dollar bill or something.
2. Keeping your books legit does not apply to the government whatsoever.
They can just do whatever, whenever they want with no repercussions. I don’t even know how they can be held accountable.
This whole situation reminds me of that famous scene from the movie “Office Space” where the main characters try to scam Initech by stealing fractions of a penny from each transaction. Except in this case, the Pentagon accidentally gave away billions of dollars instead of stealing them! I wonder if other countries are now looking at their own accounting errors, hoping to strike it rich as Ukraine has. Maybe there’s a hidden treasure chest of money just waiting to be found in some dusty old spreadsheet.
Time for Funny Tweets
Here at 10K, our goal is to provide you with the best entertainment possible. Instead of bitching more about something I cannot control, I’m going to do my job and entertain you with some of the best tweets/memes I found on Twitter.
Lead guitarist of the RockBand band, COViD KiDS |
2 time Diverticulitis haver |
Addicted to snus and “your mom” jokes |
Was told by my gym teacher, Mr. Dewitt, that I wouldn’t amount to anything in life. Suck it Dewitt, I’m the Chief Editor aka the Blog Master!!