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Thu Nov 15, 2018, 04:22 PM

Pentagon fails audit.

https://www.reuters.com/article/us-usa-pentagon-audit-idUSKCN1NK2MC

"The Pentagon has failed what is being called its first-ever comprehensive audit, a senior official said on Thursday, finding U.S. Defense Department accounting discrepancies that could take years to resolve."

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Rather than continuing to throw money down this black hole, the Pentagon budget should be slashed after every year that it fails an audit. That way, maybe we can limit boondoggles like the F-35's.

https://www.cnbc.com/2014/07/31/how-dods-15-trillion-f-35-broke-the-air-force.html

6 replies, 1245 views

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Response to alwaysinasnit (Original post)

Thu Nov 15, 2018, 04:27 PM

1. Didn't they admit to losing track of 100s of billions of dollars, right before 9/11?

Seems like losing track of taxpayer dollars is a feature, not a bug for the MIC.

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Response to OAITW r.2.0 (Reply #1)

Thu Nov 15, 2018, 04:30 PM

2. Seems like the Pentagon is very good at losing track of a lot of money.

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Response to alwaysinasnit (Original post)

Thu Nov 15, 2018, 04:36 PM

3. and

water continues to be wet........

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Response to Sherman A1 (Reply #3)

Thu Nov 15, 2018, 04:41 PM

4. What gets me is, how is it that the Pentagon got away with non-compliance of the 1990 law mandating

audits of federal agencies until now?

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Response to alwaysinasnit (Original post)

Thu Nov 15, 2018, 04:44 PM

5. It seems like 20 years ago or so they were paying $100 for each screw or something crazy like that.

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Response to LeftInTX (Reply #5)

Thu Nov 15, 2018, 04:49 PM

6. Yup. I remember something like that, and the bullshit justifications (something to the effect that

R&D intangible costs spread over tangible items) despite the fact that R&D had funding.

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