May 17, 2017
The Trump administration is pledging to audit the Department of Defense for the first time in its history
Go to it auditors. Let’s see what’s in that mess. I mean, it sounds like even the Pentagon doesn’t know. (In fact we are almost sure that the Pentagon doesn’t have a real grasp on costs. They haven’t had to have a grasp because Republicans (and Dems too – but Dems tend to think wasting the taxpayer’s money isn’t such a big deal) have always given the military piles and piles of money.
Audit and then cut.
(From The Atlantic)
The Pentagon will spend the next several months gearing up for a mission so complicated that many officials doubt it can be pulled off, an undertaking so immense that the military hasn’t once dared to try it before.
No, this isn’t a story about deploying a fancy new weapon, or unveiling a new aircraft, or launching a military operation of any kind: The Department of Defense is preparing for its first-ever audit.
That the nation’s most sprawling and expensive bureaucracy—and the world’s largest employer—has yet to undergo a formal, legally mandated review of its finances is a source of embarrassment among budget watchdogs, and it has become a preoccupation for members of Congress intent on demonstrating their fiscal prudence even as they appropriate more than $600 billion annually to the Pentagon. “Like Waiting for Godot,” one Democratic senator, Jack Reed of Rhode Island, quipped about the absent audit at a recent hearing. The lack of formal accountability has left unanswered basic questions about how the military spends taxpayer money, like the precise number of employees and contractors its various branches have hired. Cost overruns have become legendary, none more so than the F-35 fighter-jet program that has drawn the ire of President Trump. And partial reports suggest that the department has misspent or not accounted for anywhere from hundreds of billions to several trillion dollars.
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Reprinted with permission from Against Crony Capitalism.