Pentagon Spending Billions of Dollars on Accounting Boondoggles; Yes, Trillions Still Missing

December 23rd, 2013

Black hole.

Via: Reuters:

With its efforts to build reliable accounting systems in disarray, the Pentagon isn’t likely to meet a congressionally mandated 2017 deadline to be audit-ready. All other federal agencies are audited annually, in accordance with a 1990 law, and with rare exceptions, they pass every year. The Pentagon alone has never been audited, leaving roughly $8.5 trillion in taxpayer dollars unaccounted for since 1996, the first year it was supposed to be audited.

Leave a Reply

You must be logged in to post a comment.