March 21, 2017
The Pentagon has never been audited. That’s astonishing
Not that astonishing to us. But it is still nuts.
(From The Guardian)
On Thursday, Donald Trump released a preliminary budget proposal that calls for a $52bn increase in military spending. But just last December, a Washington Post investigation found that the Pentagon had buried a report that outlines $125bn in waste at the Department of Defense. That gap between lawmakers’ calls to blindly increase spending at DoD versus those of internal auditors to curtail its waste isn’t a new problem, and it’s one that, without pressure, won’t be resolved any time soon.
That’s because although it’s required to by law, the DoD has never had an audit, something every American person, every company and every other government agency is subject to. The result is an astounding $10tn in taxpayer money that has gone unaccounted for since 1996.
“Over the last 20 years, the Pentagon has broken every promise to Congress about when an audit would be completed,” the director of the Audit the Pentagon coalition, Rafael DeGennaro, told the Guardian. “Meanwhile, Congress has more than doubled the Pentagon’s budget.”
Copyright © 2017 Against Crony Capitalism.
Reprinted with permission from Against Crony Capitalism.