Wednesday, February 07, 2007

Military waste under fire / $1 trillion missing -- Bush plan targets Pentagon accounting

Where did all the money go?

(In another news story yesterday, Peter Pace admitted that there is not enough equipment for the "surge.")

Congress has written enough blank checks during this insane war, totaling enough money to put a Prius (or similar car) in the driveway of every America, free of charge, and still have plenty left over to invest in R&D for alternatively fueled transportation.

We cannot pump our way to independence from Arabian oil or any OPEC oil, for that matter.

So what does Bush do? Throw trillions down a rat hole!

Military waste under fire / $1 trillion missing -- Bush plan targets Pentagon accounting:

The Department of Defense, already infamous for spending $640 for a toilet seat, once again finds itself under intense scrutiny, only this time because it couldn't account for more than a trillion dollars in financial transactions, not to mention dozens of tanks, missiles and planes.

The Pentagon's unenviable reputation for waste will top the congressional agenda this week, when the House and Senate are expected to begin floor debate on a Bush administration proposal to make sweeping changes in how the Pentagon spends money, manages contracts and treats civilian employees.

The Bush proposal, called the Defense Transformation for the 21st Century Act, arrives at a time when the nonpartisan General Accounting Office has raised the volume of its perennial complaints about the financial woes at Defense, which recently failed its seventh audit in as many years.

No comments: