The $8.5 Trillion the Pentagon Canít Account For
Want to Cut Government Waste? Find the $8.5 Trillion the Pentagon Canít Account For
If you thought the botched rollout of Obamacare, the government shutdown, or the sequester represented Washington dysfunction at its worst, wait until you hear about the taxpayer waste at the Defense Department.
Special Enterprise Reporter Scot Paltrow unearthed the ďhigh cost of the Pentagonís bad bookkeepingĒ in a Reuters investigation. It amounts to $8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996 that has never been accounted for. (The year 1996 was the first that the Pentagon should have been audited under a law requiring audits of all government departments. Oh, and by the way, the Pentagon is the only federal agency that has not complied with this law.)
Read the article here: http://finance.yahoo.com/blogs/daily...142321339.html