Pentagon fails audit.

[alwaysinasnit]

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

[OAITW r.2.0]

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.

[alwaysinasnit]

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

[Sherman A1]

3. and

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

[alwaysinasnit]

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?

[LeftInTX]

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

[alwaysinasnit]

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.