Pentagon officials are reportedly struggling to devise a plan to spend the extra $500 billion that Donald Trump wants to give the bloated, fraud-ridden agency in the next fiscal year, vindicating criticism of the funding proposal as immensely wasteful.
The Washington Post reported over the weekend that “White House aides and defense officials have run into logistical challenges surrounding where to put the money, because the amount is so large.”
The extra $500 billion, endorsed by the top Republican on the House Armed Services Committee, would push annual US military spending to a staggering $1.5 trillion after the Trump administration and congressional Republicans enacted unprecedented cuts to federal nutrition assistance and Medicaid last summer.
Since about the 1500s we use double booking in bookkeeping, meaning the accounts look like that so that the balance sheet can balance and show 0 missing money. In most audits you don’t “summarise” error accounts, you check the balance accounts, statements and you check for why there’s stuff lying in the transaction accounts.
You should probably have stayed on a couple more days of your accounting class.