Ocasio-Cortez accuses Defense Dept of $21 TRILLION in ‘accounting errors’ — despite only $18T spent since 1789

The American Mirror | 12/3/2018 | Staff
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New York Democrat Rep.-elect Alexandria Ocasio-Cortez is really bad at math.

Over the weekend, the 29-year-old socialist cited a highly misleading report from the leftist outlet The Nation, which stated that Pentagon accounting errors totaled $21 trillion.

Pentagon - Transactions - Piece

“In all, at least a mind-boggling $21 trillion of Pentagon financial transactions between 1998 and 2015 could not be traced, documented, or explained,” the piece stated.

Ocasio-Cortez argued that the United States should have used that money to fund the $32 trillion “Medicare for All” plan that she supports.

TRILLION - Pentagon - Transactions - Explained - Pentagon

“$21 TRILLION of Pentagon financial transactions ‘could not be traced, documented, or explained.’ $21T in Pentagon accounting errors. Medicare for All costs ~$32T. That means 66% of Medicare for All could have been funded already by the Pentagon. And that’s before our premiums,” she tweeted.

It didn’t take long for numerous people to immediately rebuke her argument, which was even more embarrassing given she will officially become a member of Congress next month.

Manhattan - Institute - Brian - Riedl - Ocasio-Cortez

Manhattan Institute’s Brian Riedl responded to Ocasio-Cortez’s tweet in complete disbelief and noted that the Department of Defense hasn’t spent $21 trillion since it was created over 70 years ago.

“Wow. You claim $21 Trillion in Pentagon Waste? The entire Pentagon budget from 1789-2018 has totaled $18 trillion. Come on, This is embarrassing,” Riedl wrote.

Tweet - Study - Refers - Transfers - Accounts

He added in a second tweet: “For those wondering: In the original study, $21 trillion refers to transfers back-and-forth between accounts. So the same $1 can be counted 1000’s of times. It *does not* mean that...
(Excerpt) Read more at: The American Mirror
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