Noted: " Defense Department’s endemic failure to keep track of its money – how much it has, how much it pays out and how much is lost or stolen. The department’s authorized 2013 budget, after sequester, totals $565.8 billion - by far the largest chunk of the annual federal budget approved by Congress. Yet the Pentagon is literally unable to account for itself. As proof, consider that a law in effect since 1992 requires annual audits of all federal agencies – and the Pentagon alone has never complied. It annually reports to Congress that its books are in such disarray that an audit is impossible." From a current Reuters series about how an inept Pentagon causes a lot of problems.
Posted on: Wed, 10 Jul 2013 01:54:02 +0000
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