Michael Iljazi, Communications and Policy Manager for the Taxpayers Protection Alliance writes:
The Pentagon, like any federal agency, only exists with the taxpayer money appropriated to it. The problem however, is that there has been no accurate accounting of how the money has been spent and that is why there is need for improvements and why those improvements must really take hold. Any entity that is not held to rudimentary standards when it comes to financial record keeping is essentially risking all the money it has been given. A lack of accountability leads to money being wasted, and since the derelict bookkeeping is an epidemic at DoD, quite a bit of taxpayer money is at risk. Just recently, a Government Accountability Office (GAO) report surfaced showing $1 billion in ammunition was going to be destroyed by the Pentagon….
The report from the GAO highlighted that the waste is just an effect of the larger problem: bad financial practices. Last year, Reuters published a scathing and lengthy report detailing just how costly the lack of accurate bookkeeping has been over at the Pentagon. The report found that many years worth of shady accounting gimmicks and derelict financial management had become standard practice at DoD….
TPA is proud to be a charter member of a coalition urging a faithful auditing of the Pentagon.