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Government accounting is a tricky business, especially when dealing with matters such as this. At one point, DoD couldn't account for over $2 trillion and that

by ferdo 13y ago

Government accounting is a tricky business, especially when dealing with matters such as this. At one point, DoD couldn't account for over $2 trillion and that was over ten years ago: http://www.cbsnews.com/8301-18563_162-325985.html http://www.cbsnews.com/8301-18563_162-325985.html I agree that balance is key, as emphasized in Eisenhower's warning. From my perspective, that balance was lost long ago as no one in the upper tiers of government, the defense establishment or in finance/industry (or the citizenry) paid one bit bit of attention to any of Ike's warnings in that speech: > "Another factor in maintaining balance involves the element of time. As we peer into society's future, we -- you and I, and our government -- must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow. "

VladRussian2 13y ago
a light at the end of the tunnel :) http://comptroller.defense.gov/fiar/overview.html http://comptroller.defense.gov/fiar/overview.html "Achieve audit readiness of the Statement of Budgetary Resources (SBR) by the end of calendar year (CY) 2014." and " Achieving these goals will be challenging, but with the Secretary's involvement, which has elevated audit readiness to an "all hands" DoD-wide effort, the Department's ability to achieve these goals has been significantly increased." let me repeat : "...ability to achieve these goals has been significantly increased..." So it seems that the biggest non-profit in the world can be financially audited somewhere in the next 10 years (for the first time in decades) :)
rayiner 13y ago
The Pentagon doesn't take money directly out of the Treasury. The fact that it has trouble keeping track of what it spends money on doesn't mean that we don't know precisely how much is appropriated from the Treasury for its use.

by ferdo 13y ago

VladRussian2 13y ago

a light at the end of the tunnel :) http://comptroller.defense.gov/fiar/overview.html http://comptroller.defense.gov/fiar/overview.html "Achieve audit readiness of the Statement of Budgetary Resources (SBR) by the end of calendar year (CY) 2014." and " Achieving these goals will be challenging, but with the Secretary's involvement, which has elevated audit readiness to an "all hands" DoD-wide effort, the Department's ability to achieve these goals has been significantly increased." let me repeat : "...ability to achieve these goals has been significantly increased..." So it seems that the biggest non-profit in the world can be financially audited somewhere in the next 10 years (for the first time in decades) :)

rayiner 13y ago

The Pentagon doesn't take money directly out of the Treasury. The fact that it has trouble keeping track of what it spends money on doesn't mean that we don't know precisely how much is appropriated from the Treasury for its use.