Report: Pentagon doesn't know where the money is going

Source: msnbc

The Defense Department, which has promised to publish a reliable account of how it spends its money by 2017, has discovered that its financial ledgers are in worse shape than expected and that it will have to spend billions of dollars in the coming years to make its financial accounting credible, the Center for Public Integrity reported Thursday.

The U.S. military has spent more than $6 billion to develop and deploy new financial systems, but the effort has been plagued by significant added overruns and delays, defense officials told the CPI, a nonprofit investigative news organization.

The Government Accountability Office said in a report last month that although the services can now fully track incoming appropriations, they still can't demonstrate that their funds are being spent as they should be.

Despite the difficulties in putting a new audit system in place, Secretary of Defense Leon Panetta, in opening remarks to the House Armed Services Committee, pledged Thursday to cut the implementation timeline in half "so that in 2014 we will have the ability to conduct a full budget audit."

Read more: http://openchannel.msnbc.msn.com/_news/2011/10/12/8294595-report-pentagon-doesnt-know-where-the-money-is-going

The right is always wanting to run things like a business, this would put their military industrial complex out of business real quick.

But we dare not stop the bleeding.

The pentagon are the good guys dropping bombs on people's heads to deliver freedom---and large profits to contractors who spend a chunk of that money to fiance politicians who make laws to favor the freedumb makers.

We need to focus on are the poor people to make sure that they are sufficiently suffering before we consider giving any assistance. And by gawd when they do receive assistance we need to make sure that we monitor their every expenditure and do everything we can to humiliate them. Ah hell, let the poor starve, its their own damn fault for not being a military contractor that they are poor. That handful of dollars we were spending on the poor will be better spent at the pentagon making more freedumb.

Why they're not I've no idea!

On September 10, 2001, Donald Rumsfeld announced that "$2.3 Trillion was missing from Pentagon"

The next day the Pentagon was attacked; the area attacked was the very division responsible for finding out what had happened to the money.

Probably twice that amount by now. Wonder what the diversion will be this time? (Attack Iran because a Mexican drug gang was contracted to kill a Saudi ambassador? I'm still waiting for a distinguished member of our fourth estate to ask exactly how this constitutes an act of war against the US.) Was it Mark Twain who said something like, "I love my country but hate my government." ? Indeed. Now, more than ever.

... due to the inbred state of denial that so many people prefer to use
as a comfort blanket ...

I contend they know exactly where the money went but if they tell us they have to kill us.

That's one 9/11 fact I hadn't read. Yikes.

The Pentagon had damn well better know where the money's going!!

I mean, give me a fucking break. People are going hungry and homeless here, and they are pissing money away without any rhyme or reason. Such bullshit. :mad:

So move along and enjoy the increased choco-ration.

This keeps on happening yet i don't hear the tea party bashing Washington over this but those so-called fiscal conservatives will wail on and on about welfare, Social Security, and wanting to cut taxes for millionaires.

but this is why we never will - because with all of their bitching & whining about government spending, they never, never mention the military budget.

We don't want people ripping off the system for a hundred bucks! While our deficit hawks strain out the sub-atomic gnats of "entitlements," they swallow whole the blue whales of accounting mishaps perpetrated by the defense conglomerate.

any audits of that department. They had 8+ years to mess this up real good. One way to make them get this done is to tell them that any program that cannot furnish a documented audit will be closed. That will get them moving.

:eyes:

to turn off the spigot.

CBS Evening News with Scott Pelley

"More money for the Pentagon", CBS News Correspondent Vince Gonzalez reports, "while it's own auditors admit the military cannot account for 25 percent of what it spends".

"According to some estimates we cannot track 2.3 trillion in transactions", Donald Rumsfeld admited.

http://www.cbsnews,com/stories/2002/01/20/eveningnews/main3259/

I'm sure they'll find that these people are making more than their reported salaries.

This is sickening. It's tax-payer money being squandered under the guise of national security. Meanwhile, more money is not going where it should, to rank and file soldiers and veterans -- they deserve better.

the military."

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=5025964&mesg_id=5025964

so - which is it? Where is the money and why can't it be cut?

in order to find out if the miniscule amount of funding going to them is being used correctly...

and in...