| Author | Thread |
|
|
11/20/2013 06:53:09 AM · #1 |
I don't care what your political persuasion, this should make your head explode. I'm piecing mine back together as I write this.
Pentagon guilty of billion-dollar accounting fraud, reveals Reuters investigation
"A new report from Reuters has discovered widespread accounting fraud at the Pentagon, describing a budget of more than $8 TRILLION disappearing into a mess of corrupted data, erroneous reports, and unauditable ledgers..."
Turns out we probably could have all had FREE healthcare. ...and a new Cadillac. ...McMansions for everyone, etc.
I haven't read the whole thing, nor the original report from Reuters - I can't stomach it all at once. |
|
|
|
11/20/2013 07:44:07 AM · #2 |
|
|
|
11/20/2013 08:44:37 AM · #3 |
| And here we were thinking our head goon was corrupt by building himself a $20 Million mansion for himself and his 13 wives (yes that's right 13) with taxpayers money and "not aware of the expense"... |
|
|
|
11/20/2013 09:00:08 AM · #4 |
| This wouldn't have happened on Rob Ford's watch. |
|
|
|
11/20/2013 10:48:55 AM · #5 |
| Deplorable! The DLA needs to be totally overhauled. |
|
|
|
11/20/2013 12:05:51 PM · #6 |
I got to the bit about the warehouse inventory management before I got too worked up to continue.
I had flashbacks of working in a machine shop years ago where I was in charge of a very small inventory room for my department. The accuracy went way up under my watch, but still was flawed due to reasons out of my control. We had to put up a 15(ish) foot locked fence around it to keep managers and sales guys out. Even still, I personally caught sales guys trying to pick the lock and my own supervisor scaling the fence. I did a full count of inventory on a monthly basis, and it was almost always off.
I'd also be instructed by my manager to request stock runs from the machine floor for stuff we didn't have orders for just to keep the machines running. To some extent, this makes sense to balance workload, but now that I've seen what happens when you do this from a buyer's eyes, it enrages me. Material is bought for orders, not stock runs! How do you, as a buyer, plan for unplanned stock runs? Imagine "stock runs" on a federal scale? Shut the plant down and lay off workers or sign off on orders for stuff we don't need? I'm certain it happens all the time.
It really doesn't surprise me that the federal inventory is totally screwed up, because I've seen it first-hand on a small scale. Even with someone as passionate about inventory was I was, things went wrong. It enraged me then, and it enrages me now. There's always someone that thinks whatever they have going on right now trumps the simple rules of inventory management. A friggin' nightmare I tell ya... |
|
|
|
11/20/2013 05:31:53 PM · #7 |
| A billion here, a billion there, and pretty soon it adds up to real money. |
|
|
|
11/20/2013 07:06:09 PM · #8 |
It is an epic, colossal, practically hopeless predicament. The cost to bring everything under control, using one unified accounting system is exorbitantly expensive and has thus far proved to be unattainable. Add in the mess those that don't want to change the status quo, the reluctance of fiefdoms to be brought under scrutiny, and the general messiness of people, and....
For the accounting software, why don't they just hire Microsoft? Regardless of what you think of the company, it is certainly big enough to take on a job of this magnitude.
ETA - The money they routinely waste, steal, lose, would be enough to fund a plethora of special interest programs, or go towards reducing our deficit...
Message edited by author 2013-11-20 19:08:48. |
|
|
|
11/20/2013 07:49:16 PM · #9 |
from Reuters:
"Because of its persistent inability to tally its accounts, the Pentagon is the only federal agency that has not complied with a law that requires annual audits of all government departments. That means that the $8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996, the first year it was supposed to be audited, has never been accounted for. That sum exceeds the value of China's economic output last year."
What if this was an audit of a civilian company or individual?? WHO WILL GO TO JAIL???
Nobody. That money represents almost HALF OF OUR ENTIRE NATIONAL DEBT!
Torches and pitchforks are not enough. |
|
|
|
11/20/2013 08:32:56 PM · #10 |
Originally posted by Art Roflmao:
Torches and pitchforks are not enough. |
Would tar and feathers help?
All flippant comments aside, my blood is also boiling. To feel better, go watch this video. |
|
Home -
Challenges -
Community -
League -
Photos -
Cameras -
Lenses -
Learn -
Help -
Terms of Use -
Privacy -
Top ^
DPChallenge, and website content and design, Copyright © 2001-2025 Challenging Technologies, LLC.
All digital photo copyrights belong to the photographers and may not be used without permission.
Current Server Time: 08/09/2025 08:13:50 AM EDT.
