Pish, What’s $800,000,000.00 Anyways?
Would you vote a 7% increase to a government agency who cannot account for over 800 million dollars?
Yes, you read that right. According to a recent audit by Ernst & Young of the massive Pentagon agency, Defense Logistics Agency, there are no records of the missing $800. The Accounting firm said the record keeping was so poor at the organization that it may be impossible to ever account for the missing money.
Some of what was found missing records by the auditors was no records on $384 million for construction projects “in progress.”
The DLA failed to keep records of $100 in computers works and inappropriately recorded $46 million for computers.
These reports come just as the Pentagon released records showing they have assets of $2.2 trillion in 2017.
This all comes on the heels of the President’s administration seeking a boost to defense spending to $716 billion in 2019, a 7% increase.
Defense officials have promised to audit themselves, but budget watchdogs wonder if they’re up to the task.
As Senator Chuck Grassley, (R-Iowa) who sits on the Budget and Finance Committee said, “The feeder systems can’t provide data. They are doomed to failure before they ever get started.”
So what are your feelings about this? How can this broken system be fixed? Do you just keep throwing more money into a highly important branch of the government when they can’t keep track of what they’ve spent in the last year?
$800 million is a lot of money to “lose.” Think of how many people in our country could have been helped by that money!