Friday, November 25, 2022

Pentagon: The Black Hole of Tax Money

Over the years, a lot of people--usually the Lefties--have called for reducing the Pentagon budget.

Maybe it's time to take a very hard look at the Pentagon.

The US Department of Defense has, for the fifth straight year, failed to pass a financial audit, with only seven out of the Pentagon’s 27 military agencies receiving a passing grade.

“We failed to get an ‘A’,” Mike McCord, the Pentagon’s comptroller and chief financial officer, told reporters last week, announcing the results of the Pentagon’s fifth-ever financial audit.

“I would not say that we flunked,” he added, despite his office acknowledging that the Pentagon only managed to account for 39 percent of its $3.5 trillion in assets.

With this failure, the Pentagon has kept its spot as the only US government agency to have never passed a comprehensive audit. It also highlights the US war department’s persistent lack of internal financial control, its poor budget estimations and rampant overspending....

They LOST a TRILLION or two??

The article goes on to bitch about the F-35 program, then mentions this:

...in 2019 alone, the Pentagon made $35 trillion in accounting adjustments – a figure larger than the entire US economy....

We're very much FOR National Defense, and in particular, FOR the enlisted men and women (not trannies) who slog through the mud and sand to keep this country free.  But this level of incompetence (or maybe outright fraud and corruption) is simply unacceptable.

The bad news:  it will be a cold day in Hell before any Republican (including Trump) does something about this.

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