• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Biden Admin Reveals $6.2B ‘Accounting Error’ – You Won’t Believe Where the Money Went

Biden Admin Reveals $6.2B ‘Accounting Error’ – You Won’t Believe Where the Money Went

June 21, 2023
Chilling Texts Revealed in Foster Child Death Case

Chilling Texts Revealed in Foster Child Death Case

March 31, 2026
FRANK LASEE: Trump’s ‘Billion-Dollar Giveaway’ Actually A Refund To Kill Costly Offshore Wind

FRANK LASEE: Trump’s ‘Billion-Dollar Giveaway’ Actually A Refund To Kill Costly Offshore Wind

March 31, 2026
Trump Shares Fiery Blast Footage From Iran Strike

Trump Shares Fiery Blast Footage From Iran Strike

March 31, 2026
Trump’s Ultimate Legacy Project Set To Tower Over Major City, New Images Show

Trump’s Ultimate Legacy Project Set To Tower Over Major City, New Images Show

March 30, 2026
DeSantis Approves Renaming Palm Beach International After Donald Trump

DeSantis Approves Renaming Palm Beach International After Donald Trump

March 30, 2026
‘A Certain Absurdity About All This’: Brit Hume Breaks Down What No Kings Protest Reveals About Today’s Politics

‘A Certain Absurdity About All This’: Brit Hume Breaks Down What No Kings Protest Reveals About Today’s Politics

March 30, 2026
Anti War Demonstration Occurs In Philadelphia

Anti War Demonstration Occurs In Philadelphia

March 30, 2026
Virginia Democrat Breaks Rank

Virginia Democrat Breaks Rank

March 30, 2026
GOP Strategist Explains The Problem With ‘No Kings’

GOP Strategist Explains The Problem With ‘No Kings’

March 30, 2026
Republican Discusses Newsom On CNN

Republican Discusses Newsom On CNN

March 30, 2026
Immigration Becomes Center Of Sports Broadcast

Immigration Becomes Center Of Sports Broadcast

March 30, 2026
School Employee’s Troubling Post Draws Attention

School Employee’s Troubling Post Draws Attention

March 30, 2026
  • Donald Trump
  • Tariffs
  • Congress
  • Faith
  • Immigration
Tuesday, March 31, 2026
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Biden Admin Reveals $6.2B ‘Accounting Error’ – You Won’t Believe Where the Money Went

by Western Journal
June 21, 2023 at 7:02 am
in News
239 15
0
Biden Admin Reveals $6.2B ‘Accounting Error’ – You Won’t Believe Where the Money Went

US President Joe Biden takes part in an event discussing the opportunities and risks of Artificial Intelligence at the Fairmont Hotel in San Francisco, California, on June 20, 2023. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The Biden administration says it now has an additional $6.2 billion to spend on aid to Ukraine because the Pentagon made an accounting mistake.

Pentagon spokeswoman Sabrina Singh said replacement costs, rather than the book value of equipment the Pentagon sent from its stocks were used to determine the value of the military hardware sent to Ukraine, according to the Associated Press.

“We have confirmed that for FY23, the final calculation is $3.6 billion, and for FY22 it is $2.6 billion, for a combined total of $6.2 billion,” Singh said, according to CNN.

“These valuation errors in no way limit or restricted the size of any of our PDAs or impacted the provision of support to Ukraine,” she said, using the acronym for Presidential Drawdown Authority, the bureaucratic mechanism used to transfer weaponry in American hands to foreign nations.

In its reporting, CNN noted that “The extra $6.2 billion is likely to mitigate the need for Congress to pass an additional assistance package before the end of the fiscal year in September.”

“It’s just going to go back into the pot of money that we have allocated” for Ukraine, Singh said, according to AP.

Through mid-June, the U.S. has given Ukraine $34 billion in military aid as part of an overall spending package of $113 billion linked to the war in Ukraine, including the cost to replace weapons sent to Ukraine and aid to NATO allies supporting Ukraine.

Singh said the error was first noticed on March 31, according to the Defense Department.

Initially, the Pentagon said its math had been off by $3 billion, leading to some sharp questions last month from CNN’s Jake Tapper when he hosted national security adviser Jake Sullivan, according to Fox News.

“There was this very bizarre admission from the Pentagon this week of an accounting error that suggested that the U.S. has at least $3 billion that it didn’t know it had that it can use for Ukraine aid,” Tapper said.

“That’s a hell of an accounting error. And it provides a lot of fodder to critics of U.S. aid to Ukraine and critics who say there’s not enough oversight going on. Are you concerned about this accounting error?” Tapper said.

“That is not money that went out the door and disappeared,” Sullivan said then.

“That is not a waste of that $3 billion. It is simply a tally of how much military equipment we have given them. And the way that the Pentagon was counting it was what’s the replacement cost for the equipment we provide rather than just the actual cost of that equipment. Once you make that adjustment, it turns out we have an additional $3 billion that we can spend to provide even more weapons to Ukraine,” he said.

“At the end of the day, not one penny of U.S. dollars will have gone missing or have been misallocated,” Sullivan said.

Should someone be charged as a result of the ‘error’?

Completing this poll entitles you to our news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use.
Yes: 100% (27 Votes)
No: 0% (0 Votes)

Aid for Ukraine has been a divisive idea. Republican Rep. Marjorie Taylor Greene of Georgia said recently that she might not approve the National Defense Authorization Act, which sets defense spending levels, if it supports the war.

I heard the National Defense Authorization Act may have money for Ukraine in it.

The NDAA should only fund our military for our defense.

I want to be able to vote for a good NDAA, but I will not if it funds Ukraine.

We should be pushing a peace deal not funding a war.

— Rep. Marjorie Taylor Greene?? (@RepMTG) June 13, 2023

“I heard the National Defense Authorization Act may have money for Ukraine in it. The NDAA should only fund our military for our defense. I want to be able to vote for a good NDAA, but I will not if it funds Ukraine. We should be pushing a peace deal not funding a war,” she wrote on Twitter.

Not all Republicans oppose aiding Ukraine.

Support for Ukraine is a direct investment in America’s own national security. U.S. assistance bolsters U.S. manufacturing, equips the U.S. military with new materials, and degrades Russia’s ability to threaten America.

— Leader McConnell (@LeaderMcConnell) June 12, 2023

“America’s support for Ukraine has done much more than sustain their defense. As I’ve said repeatedly, sending lethal Western capabilities to the front lines has been a direct investment in America’s own security. … Let me be clear: this assistance means more jobs for American workers and newer weapons for American service members,” Senate Minority Leader Mitch McConnell said last week, according to Politico.

This article appeared originally on The Western Journal.

Tags: Biden administrationDepartment of Defense DODmoneyUkrainewar
Share198Tweet124
Western Journal

Western Journal

IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Thanks for reading IJR

Create your free account or log in to continue reading

Please enter a valid email
Forgot password?

By providing your information, you are entitled to Independent Journal Review`s email news updates free of charge. You also agree to our Privacy Policy and newsletter email usage

No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR