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YourMom2

Pentagon's Sloppy Accounting - Billions Gone But Where?

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 YourMom2    1,269

If you're the Pentagon you can afford to be sloppy with the taxpayer's money and be accountable to no one. $9 Billion annually, gone, and nobody knows where. Isn't this a security breach? Somebody gone rogue? What side is the military really on? We're not talking about $300 hammers or overpriced toilets but billions, most likely trillions that are simply unaccounted for.  Remember Donald Rumsfeld's claim that $2.3 trillion couldn't be tracked? Is this where ISIS funding comes from?

BTW, Happy 4th of July! I don't feel much like waving a flag when our own government puts us at great risk all the while battling a "war on terror." What a joke.

Behind the Pentagon’s doctored ledgers, a running tally of epic waste

In its investigation, Reuters has found that the Pentagon is largely incapable of keeping track of its vast stores of weapons, ammunition and other supplies; thus it continues to spend money on new supplies it doesn’t need and on storing others long out of date. It has amassed a backlog of more than half a trillion dollars in unaudited contracts with outside vendors; how much of that money paid for actual goods and services delivered isn’t known. And it repeatedly falls prey to fraud and theft that can go undiscovered for years, often eventually detected by external law enforcement agencies.

“The Pentagon can’t manage what it can’t measure, and Congress can’t effectively perform its constitutional oversight role if it doesn’t know how the Pentagon is spending taxpayer dollars,” Coburn said in an email response to questions. “Until the Pentagon produces a viable financial audit, it won’t be able to effectively prioritize its spending, and it will continue to violate the Constitution and put our national security at risk.”

The secretary of defense’s office and the heads of the military and DFAS have for years knowingly signed off on false entries.

 

http://www.reuters.com/investigates/pentagon/#article/part2

 

 

 

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