Thursday, November 21, 2013

Audit finding

By Mustang Bobby

Reuters did a piece investigating how the Department of Defense uses our money.
The Defense Department’s 2012 budget totaled $565.8 billion, more than the annual defense budgets of the 10 next largest military spenders combined, including Russia and China. How much of that money is spent as intended is impossible to determine.

In its investigation, Reuters has found that the Pentagon is largely incapable of keeping track of its vast stores of weapons, ammunition and other supplies; thus it continues to spend money on new supplies it doesn’t need and on storing others long out of date. It has amassed a backlog of more than half a trillion dollars in unaudited contracts with outside vendors; how much of that money paid for actual goods and services delivered isn’t known. And it repeatedly falls prey to fraud and theft that can go undiscovered for years, often eventually detected by external law enforcement agencies.

The consequences aren’t only financial; bad bookkeeping can affect the nation’s defense. In one example of many, the Army lost track of $5.8 billion of supplies between 2003 and 2011 as it shuffled equipment between reserve and regular units. Affected units “may experience equipment shortages that could hinder their ability to train soldiers and respond to emergencies,” the Pentagon inspector general said in a September 2012 report.

Meanwhile, the Republicans want to cut $40 billion from food stamps because of waste, fraud, and abuse.

For what it’s worth, I spent two hours yesterday gathering supporting documentation and preparing a transfer of expenditures to recover $468 in salary and fringes spent on a closed program. Your tax dollars at work.

(Cross-posgted at Bark Bark Woof Woof.)

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