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Investigation: Pentagon Overvalued Ukraine Aid by $3B

By Adam Andrzejewski

Will this presidential election be the most important in American history?

Investigation by Adam Andrzejewski originally published by and

The Department of Defense made a formidable accounting mistake when it overvalued by $3 billion weaponry it gave to Ukraine, freeing up more money for additional aid without needing Congressional approval, according to Reason magazine.

The Wall Street Journal initially broke the story, reporting that the $3 billion mistake was a result of using book valuations for new equipment, while the equipment sent was older and used. A Pentagon spokesperson said, “In some cases, ‘replacement cost’ rather than ‘net book value’ was used, therefore overestimating the value of the equipment drawn down from U.S. stocks.”

The error was discovered in an internal audit last March, and now frees up an $3 billion in additional aid to Ukraine, since the U.S. effectively sent $3 billion less in aid than previously thought. Officials cautioned that the overvalued amount could grow as it continues to audit its programs.

Reason noted allowing the White House to send more to Ukraine without Congressional approval comes as lawmakers have shown increasing skepticism of sending military aid.

While there is no evidence of any malfeasance, it raises an important point: Americans need to have confidence in where their tax dollars are going and how they are accounted for.

The Pentagon has a budget of $842 billion in 2023, but it still has yet to pass an audit with a clean opinion. Americans are right to be suspicious of other spending figures from the DOD, given the frequency and magnitude of its accounting errors.

It’s essential that taxpayers have confidence that their money is being used and accounted for in an accurate and ethical way, and mistakes like these undermine that confidence in some of our largest and most important institutions.

By Adam Andrzejewski – The #WasteOfTheDay is brought to you by the forensic auditors at

This article was originally published by RealClearInvestigations and made available via RealClearWire.

Deneen Borelli

Deneen Borelli is the author of Blacklash: How Obama and the Left are Driving Americans to the Government Plantation. Deneen is a contributor with Newsmax Broadcasting. She is a former Fox News contributor and has appeared regularly on “Hannity,” “Fox & Friends,” “Your World with Neil Cavuto,” and “America’s Newsroom.” She has also appeared on Fox Business Network programs “Making Money with Charles Payne,” “The Evening Edit with Liz MacDonald,” and “Cavuto: Coast to Coast.” Previously, Deneen appeared on MSNBC, CNN, the BBC and C-SPAN. In addition to television, Deneen co-hosted radio programs on the SiriusXM Patriot channel with her husband Tom. Recently, Deneen co-hosted the Reigniting Liberty podcast with Tom. Deneen is a frequent speaker at political events, including the FreedomWorks 9.12.2009 March on D.C. which drew a crowd estimated at over 800,000 people. Deneen is also an Ambassador with, a social media platform that promotes free speech, and with the America First Policy Institute (AFPI) which advances policies that put Americans first. Deneen testified before the U.S. House of Representatives Committee on Natural Resources in May 2011 and before the Ohio House Public Utilities Committee in December 2011. Previously, Deneen was a host, Outreach Director with overseeing its outreach program, a Project 21 Senior Fellow, and Manager of Media Relations with the Congress of Racial Equality (CORE). Prior to joining CORE, Deneen worked at Philip Morris USA for 20 years. During her corporate career at Philip Morris she worked in various positions, her last as Project Management Coordinator in the Information Management department where she was responsible for the department’s mandated quality processes, communications, sales information and database management. Deneen began her Philip Morris career as a secretary and advanced to positions of increasing responsibilities. Deneen worked full-time and attended classes at night for 11 years to earn her B.A. in Managerial Marketing from Pace University, New York City. Deneen served on the Board of Trustees with The Opportunity Charter School in Harlem, New York. She appeared in educational videos for children, worked as a runway fashion model, and auditioned for television commercials. Her interests include ancient history, pistol target shooting, photography, and volunteering at her church. Deneen currently resides in Connecticut with her husband Tom.

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