Hard to find definite figures since the Pentagon was NEVER

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Lmcat nlightn #58929
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Hard to find definite figures since the Pentagon was NEVER audited and they can't prove where the money went!

But the failure to audit the Pentagon allowed the missing funds to grow.

Mon Nov 18, 2013
...
In its investigation, Reuters has found that the Pentagon is largely incapable of keeping track of its vast stores of weapons, ammunition and other supplies; thus it continues to spend money on new supplies it doesn't need and on storing others long out of date. It has amassed a backlog of more than half a trillion dollars in unaudited contracts with outside vendors; how much of that money paid for actual goods and services delivered isn't known. And it repeatedly falls prey to fraud and theft that can go undiscovered for years, often eventually detected by external law enforcement agencies.

The consequences aren't only financial; bad bookkeeping can affect the nation's defense.

In one example of many, the Army lost track of $5.8 billion of supplies between 2003 and 2011 as it shuffled equipment between reserve and regular units. Affected units "may experience equipment shortages that could hinder their ability to train soldiers and respond to emergencies," the Pentagon inspector general said in a September 2012 report.

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.

Cost Overruns. The Department of Defense (DoD) has 98 major weapons systems in its “portfolio.” According to the Government Accountability Office (GAO), the cost of those weapons has grown by $135 billion beyond initial estimates, just in the last two years. More than half of the jump in cost comes from increased prices, rather than increased quantities. The Joint Strike Fighter program, for example, which is intended as a replacement for all the jets used by the Air Force, Navy and Marines, was a $284 billion program – and is now expected to cost $34 billion more. The GAO reports that 80 percent of the weapons programs are paying higher unit prices than originally bid.

Even when a program is being reduced or phased out, the costs stay high. Orders for copies of the F-22 Raptor were reduced by 70 percent, but total acquisition costs decreased by only 14 percent. Per unit costs nearly tripled, from $139 million to $412 million per airplane. (For more information, see “Defense Acquisitions: Assessments of Selected Weapons Systems,” GAO-11-233SP, March 29, 2011, http://www.gao.gov/assets/320/317081.pdf. )

Losing Track of Inventory.

The DoD Inspector General released two reports last year describing how the Army has overpaid millions of dollars for spare parts.

For an $8.00 helicopter door part, for example, the Army paid $284.00. In another instance, the Army paid five times too much for a $1,500 rotor part that was already in stock in military warehouses.

Sikorski, the manufacturer of the helicopter, was allowed to purchase contract items from the inventory held by the Defense Logistics Agency, and resell them to the Corpus Christi Army Depot to meet contract requirements, at an 85% markup. Sikorski made an excessive profit of nearly $1 billion between 2008 and 2010. (For more information, see: www.dodig.mil/Audit/reports/fy12/RIB DODIG-2012-004.pdf )


The DOD Inspector General and the GAO estimate that, at any given time, there is roughly a billion dollars’ worth of spare parts on order that the Department simply does not need, but the Pentagon inventory system allowed for the order to be changed.

This is in addition to about $ 5 billion worth of unneeded spare parts already in the military warehouses. (For more information, see “Defense Logistics Agency Needs to Expand on Efforts to ... Manage Spare Parts,” http://www.gao.gov/new.items/d10469.pdf )

Losing Track of Leases.

The Department of Defense incurred $720 million in late fees for failing to return shipping containers when their leases were up.

The hundreds of millions in late fees were in addition to the cost of the actual leases. Senator Tom Carper, as chair of the Senate Committee on Homeland Security and Government Affairs, Subcommittee on Federal Financial Management recently wrote to Deputy Secretary of Defense Ashton Carter, urging the Department to find ways to keep better track of leased property.
(For more information, see: http://www.carper.senate.gov/public/index.cfm.../senators- urge-pentagon-to-address-millions-in-late-fees-from-leased-shipping-containers )

Losing Track of Money.


The Commission on Wartime Contracting reported last fall that there was an estimated $31 to $60 billion in DOD waste and fraud related to the Iraq and Afghanistan wars.

The Commission further described these losses as largely avoidable. The Inspector General issued a report specifically on payments made to contractors and others in Afghanistan, without information, controls, or reporting. (For more information, see http://www.dodig.mil/Audit/reports/fy12/DODIG-2012-023.pdf )

Shoddy Bookkeeping.

The DoD Inspector General recently released a report on the Department’s inability to recoup up to $200 million in delinquent debts due to poor, but basic, record keeping. As of June 2009, contractors owed DoD $3.1 billion.

About $200 million of the uncollected debt was not in dispute and was considered collectible, but DoD offices only had complete information on the contractors for about half of the accounts. (For more information, see “DFAS (Defense Finance and Accounting Service) Needs More Effective Controls Over Managing DoD Contractor Debt,” http://www.dodig.mil/Audit/reports/fy11/11-084.pdf )

*The combined FY2011 budgets of the Departments of State, Interior, Commerce, Justice and Energy equaled about $97 billion. According to the above reports, a one-year loss for the Pentagon from these identified problems equaled about $102 billion.

https://www.metabunk.org/debunked-8-5-trillio...gon.t3173/
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