UPDATE: Reuters has remove the original web posting for this article.
A new report has revealed the Pentagon to be fundamentally incapable of managing its own books, with money and supplies unaccounted for and doctored ledgers masking billions of dollars of wasted spending.
An investigation by Reuters found that since 1996, the $8.5 trillion dollars of taxpayer money that Congress has allocated towards the US Department of Defense has never been accounted for.
According to those responsible for inserting the numbers into the books at the Defense Finance and Accounting Services (DFAS), military agencies failed to supply a clear monthly account of the money they spent. In a flurry of activity, DFAS would contact the appropriate personnel in order to record accurate data, but many numbers remained a mystery.
At this point, employees would be ordered to enter fake numbers, or “plugs,” that would match up accordingly with what the Treasury department expected to see.
“A lot of times there were issues of numbers being inaccurate,” said former DFAS employee Linda Woodford to Reuters. “We didn’t have the detail…for a lot of it.”
- Behind Pentagon’s ledgers: Epic waste (cnbc.com)
- An epic tale of Pentagon waste, doctored books (capitolhillblue.com)
- SPECIAL REPORT-The Pentagon’s doctored ledgers conceal epic waste (trust.org)