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Prof Triggernometry
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House Oversight Committee Opens Investigation Into DOD 5th Consecutive Failed Audit
BY WAYNE DUPREEMARCH 17, 2023 AT 10:06AM
The Committee on Oversight and Accountability is investigating the Department of Defense’s (DOD) failure to prevent waste, fraud, and abuse. In November 2022, DOD failed its fifth straight audit because it was unable to account for 61% of its $3.5 trillion worth of assets. The two Republican legislators wrote in response to a recent report by the U.S. Government Accountability Office (GAO) that the Defense Department (DOD) “continues to fail to appropriately account for hundreds of billions of dollars in government-provided property in the hands of contractors. Even though it receives almost a trillion dollars a year, the DOD’s inability to appropriately track assets puts our military readiness at risk and shows a flagrant disdain for taxpayer money.
More here: https://thepoliticalinsider.com/hou...ailed-audit/?utm_source=home-headline-stories
This is outrageous and unacceptable. One wonders how much of the DOD budget is being siphoned off into dark projects with no accountability or constitutional oversight.