Posted on 11/19/2024 5:39:39 AM PST by Tench_Coxe
The Pentagon failed its seventh audit in a row, failing to account for its more than $824 billion budget in 2024, the Department of Defense Office of Inspector General (DOD IOG) announced on Friday.
The DOD OIG said auditors “could not obtain sufficient, appropriate audit evidence to support an opinion.”
(snip)
McCord argued that not passing an audit was different from not knowing what assets the department has and that the DOD has been able to send equipment to Ukraine without problems.
“We have seen in a real-world example, most notably, Ukraine over the last two years. We’ve provided a lot of supplies to them of various types, the Army particularly, but everybody has contributed things. And what we have not seen is people saying, ‘Well, my records show I have a thousand of these and I want to give ten of them to Ukraine,’ and then finding that we don’t have a thousand or we can’t find a thousand or we don’t know what shape the thousand are in.”
(Excerpt) Read more at breitbart.com ...
Would not be surprised if the following questions had some merit:
How much was "unallocated "? Such as, "oh look, due to creative accounting, we found more money to funnel overseas?"
How much went to things like biolabs/research?
DEI programs?
Lobbyists from MIC connected companies?
Political campaigns?
Putin’s targets will blow up much of the evidence:
https://x.com/TonySeruga/status/1858654467924914257
DOGE
BTTT
All that “woke” DEI training. Those civilian trainers look like they can really put away the chow while teaching the troop how to be proper sissyboy “warriors”.
Governments at so many levels have been spending like corrupt fools without accountability to the detriment of the nation, and likely the profit for the few.
I used to run a good sized operation. If I went two years without passing an audit, I would be fired for incompetence.
It would be interesting to find out what areas they failed.
Audit success comes from understanding accounting AND a complete understanding of how your operation is supposed to work. I find the “business management” aspect of operations to be lacking in a lot of companies these days. They are really good at putting a “deck” together…but they don’t know the first thing about assets, depreciation, expenses, credits or debits.
“Political campaigns?”
Once upon a time I worked for a Dept of Interior outfit. To my dismay I learned they had a government employee working as a lobbyist in DC.
To me the cold hard truth about lobbyists is they pay off politicians to swing votes in their direction, regardless of what the tax paying voters want. If this is fact, then the lobbyist must have been using tax dollars to thwart the will of the tax paying voters.
Just think of all the various ways our government has been convoluted.
Did they look in Kommie’s campaign fund?
Just cut the budget by the full amount unaccounted for each year.
This is raw corruption. Losing a million in a department that big can be chalked up to incompetence. Losing almost a trillion is pure corruption. How can you lose track of that much in this day and age?
Check Joe’s garage.
Check Joe’s garage.
Send in The Central Scrutinizer
It would be interesting to find out what areas they failed.
Failing an audit = not being able to prove to the IRS that you are NOT money laundering.
Treat it as that. Start throwing folks in jail — they will rat out the skimming.
A business management audit is very different from an IRS audit. I’ve gone through both. I would take my corporate audit any day of the week.
There is likely skimming, but I doubt it is that much. The real culprit here is inattention and stupidity. It is having three contractors doing the same thing at the same time. It is continuing to pay for “support” on products and services that have expired or contracts that are not in force any more.
Yes, if criminal activity is uncovered it must be prosecuted. But, the vast majority of money being wasted is through bad management.
The biggest savings will come through the ending of “cost plus” contracts. Spending must be controlled and contractors must focus on controlling expenses.
When you are not held responsible for paying for and replacing that 9/16th’ socket you signed for 18 months ago, its no surprise when the complete M-1 tank just disappears....
Hint for Trump, any money not accounted for by any cabinet level department audit, will be cut from the next budget request to Congress. If you don’t know where it went, you obviously didn’t need it.
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