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Ichingcarpenter

(36,988 posts)
Tue Sep 16, 2014, 04:23 AM Sep 2014

Pentagon's $800 Billion Real Estate Problem The U.S. Military Has No Idea What It Owns

The U.S. Department of Defense owns more than half a million properties worth in excess of $800 billion dollars. The military’s real estate holdings span the globe and, all together, sprawl across 30 million acres.

Pentagon auditors can’t explain what half the properties are for—and doesn’t have a plan for finding out. All this according to a Sept. 8 report from the Government Accountability Office.

The nearly trillion-dollar real estate glut is merely another example of egregious military waste.

Way back in 1997, the GAO identified the Pentagon’s real estate record-keeping as a “high risk” problem. The Defense Department could sell unused facilities and save billions.

It just needed to figure out exactly what buildings it owned and how it used them all. But military bureaucrats made only passing attempts to find out. The Defense Department is probably still sitting on billions of dollars’ worth of properties it has no use for, despite 17 years of GAO goading.

“We found in September 2011 that DoD was limited in its ability to reduce excess inventory because DoD did not maintain accurate and complete data regarding the utilization of its facilities,” the GAO states in its new report.



http://www.realcleardefense.com/articles/2014/09/14/the_pentagons_800_billion_real_estate_problem_107438.html



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Pentagon's $800 Billion Real Estate Problem The U.S. Military Has No Idea What It Owns (Original Post) Ichingcarpenter Sep 2014 OP
How much is 30 million acres? Ichingcarpenter Sep 2014 #1
This is just sad Sherman A1 Sep 2014 #2
Nothing new. Where's the 2.3 TRILLION ??????????????????? SamKnause Sep 2014 #3

Ichingcarpenter

(36,988 posts)
1. How much is 30 million acres?
Tue Sep 16, 2014, 04:27 AM
Sep 2014

Here's what 32 million equals to




32 million acres is EXACTLY 50,000, not 51,200, or about 129,500 km². There are 640 acres in a square mile by definition. You can go that math in your head. 320 * 100,000 / 640 = 0.5 * 100,000 = 50,000.

Greece is the closest country by land area at 130,800 sq km.

Alabama is the closest state by land area at 32.48 million acres

https://answers.yahoo.com/question/index?qid=20081202115416AAzf6YU

Sherman A1

(38,958 posts)
2. This is just sad
Tue Sep 16, 2014, 06:21 AM
Sep 2014

And unacceptable. Perhaps if they got busy figuring out just what and where everything (not just real estate) is, they could cut that bloated budget a bit.

SamKnause

(13,043 posts)
3. Nothing new. Where's the 2.3 TRILLION ???????????????????
Tue Sep 16, 2014, 07:56 AM
Sep 2014

Has the Pentagon accounted for the MISSING 2.3 TRILLION dollars ?????

The announcement was made the day before 9/11 by Donald Rumsfeld ????

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