{"id":1934141,"date":"2023-05-19T12:01:57","date_gmt":"2023-05-19T16:01:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-admits-3-billion-accounting-error-on-ukraine-aid\/"},"modified":"2023-05-19T12:03:40","modified_gmt":"2023-05-19T16:03:40","slug":"biden-admin-admits-3-billion-accounting-error-on-ukraine-aid","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-admits-3-billion-accounting-error-on-ukraine-aid\/","title":{"rendered":"Biden administration acknowledges $3B mistake in Ukraine aid."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-admin-admits-3-billion-accounting-error-on-ukraine-aid%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1934141&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Biden Administration Admits $3 Billion Accounting Error on Ukraine Aid<\/h2>\n<p>The Pentagon has overestimated the value of ammunition, missiles, and other equipment sent to Ukraine by around $3 billion, according to a Senate aide and a defense official. This error may lead to more weapons being sent to Kyiv for its defense against Russian forces. The mistake was the result of assigning a higher than warranted value on weaponry that was taken from U.S. stocks and then shipped to Ukraine. Congress is being notified of the accounting adjustment, and it is possible that the amount of overvalued weaponry could grow beyond $3 billion as the Pentagon examines the situation more thoroughly.<\/p>\n<h3>Valuation Method<\/h3>\n<p>In its accounting, the Pentagon used <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/toronto-public-library-eliminates-late-fees-to-combat-racial-inequity\/\" title=\"Toronto Public Library Eliminates Late Fees To Combat Racial Inequity\">replacement cost<\/a> to value the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/venezuelas-maduro-rants-about-alleged-fascist-coup-in-ukraine-complete-backing-for-putin\/\" title=\"Venezuela's Maduro Rants About Alleged 'Fascist Coup' in Ukraine: 'Complete Backing for Putin'\">weapons aid<\/a>, instead of the weaponry&#8217;s value when it was purchased and depreciated. Changing the valuation of the equipment could delay the Biden administration&#8217;s need to ask Congress to authorize more funds for Ukraine as the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-admits-3-billion-accounting-error-on-ukraine-aid\/\" title=\"Biden administration acknowledges B mistake in Ukraine aid.\">debt ceiling fight intensifies<\/a>.<\/p>\n<h3>Equipment Sent to Ukraine<\/h3>\n<p>The U.S. has sent a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/remember-the-iowa-dem-caucus-disaster-heres-how-it-happened\/\" title=\"Remember the Iowa Dem Caucus Disaster? Here\u2019s How It Happened\">wide variety<\/a> of equipment to Ukraine in 37 Presidential Drawdown Authority packages, including High Mobility Artillery Rocket System (HIMARS) launchers, Javelin anti-tank weapons, and a Patriot surface-to<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/see-it-israel-creates-first-airborne-laser-in-world-to-shoot-down-incoming-rockets\/\" title=\"SEE IT: Israel Creates First Airborne Laser In World To Shoot Down Incoming Rockets\">-air missile system<\/a>. It will take time to work through the accounting for billions of dollars worth of equipment sent to Ukraine.<\/p>\n<h3>Reaction from U.S. Senator Roger Wicker<\/h3>\n<p>U.S. Senator Roger Wicker, the top Republican on the Senate Armed Services Committee, said, &#8220;The Department of Defense&#8217;s change in evaluating the costs of arms sent to Ukraine is a major mistake. Its effect would be to underestimate future needs for our European allies. Our priority should be a Ukrainian victory over Putin. Unilaterally altering military aid calculations is an attempt at deception and undermines this goal.&#8221;<\/p>\n<ul>\n<li>The error was the result of assigning a higher than warranted value on weaponry that was taken from U.S. stocks and then shipped to Ukraine.<\/li>\n<li>The Pentagon used replacement cost to value the weapons aid, instead of the weaponry&#8217;s value when it was purchased and depreciated.<\/li>\n<li>The U.S. has sent a wide variety of equipment to Ukraine in 37 Presidential Drawdown Authority packages.<\/li>\n<li>U.S. Senator Roger Wicker criticized the Department of Defense&#8217;s change in evaluating the costs of arms sent to Ukraine.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>expected value to the equipment sent to Ukraine by the Pentagon, leading to an overestimation of around $3 billion. This mistake may pave the way for additional weapons to be sent to Kyiv to aid in their defense against Russian forces.<\/p>\n","protected":false},"author":66,"featured_media":1934142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[26782,10179,4106,7629,3620,4953,6991],"class_list":["post-1934141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-3b","tag-acknowledges","tag-administration","tag-aid","tag-biden","tag-mistake","tag-ukraine"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/freebeacon.com\/biden-administration\/biden-admin-admits-3-billion-accounting-error-on-ukraine-aid\/","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1934141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1934141"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1934141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1934142"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1934141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1934141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1934141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}