{"id":37702,"date":"2024-11-19T12:24:43","date_gmt":"2024-11-19T20:24:43","guid":{"rendered":"https:\/\/occupysf.net\/?p=37702"},"modified":"2024-11-19T12:24:44","modified_gmt":"2024-11-19T20:24:44","slug":"pentagon-fails-seventh-straight-audit-as-annual-us-military-budget-nears-1-trillion","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2024\/11\/19\/pentagon-fails-seventh-straight-audit-as-annual-us-military-budget-nears-1-trillion\/","title":{"rendered":"Pentagon Fails Seventh Straight Audit as Annual US Military Budget Nears $1 Trillion"},"content":{"rendered":"\n
\"Pentagon<\/figure>\n\n\n\n

Pentagon Press Secretary Maj. Gen. Pat Ryder holds a press briefing on October 1, 2024 in Arlington, Virginia.<\/p>\n\n\n\n

 (Photo: Win McNamee\/Getty Images)<\/p>\n\n\n\n

Sen. Bernie Sanders has introduced legislation that would require the Pentagon to return a portion of its budget as a penalty for failing audits, but lawmakers from both parties have declined to consider the bill.<\/h2>\n\n\n\n

JAKE JOHNSON<\/a><\/p>\n\n\n\n

Nov 18, 2024 (CommonDreams.org)<\/a><\/p>\n\n\n\n

The Pentagon announced late last week that it failed its seventh consecutive audit<\/a> as the sprawling, profiteering-ridden<\/a> department wasn’t able to fully account for its trillions of dollars in assets.<\/p>\n\n\n\n

As with its past failures<\/a> to achieve a clean audit, the U.S. Defense Department attempted to cast the 2024 results in a positive light, with the Pentagon’s chief financial officer declaring in a statement<\/a> that “momentum is on our side.”<\/p>\n\n\n\n

The Pentagon is the largest U.S. federal agency and is responsible for roughly half<\/a> of the government’s annual discretionary spending, with its yearly budget approaching $1 trillion<\/a> despite long-standing concerns about the department’s inability to account for vast sums of money approved by lawmakers and presidents from both major parties.<\/p>\n\n\n\n

The latest financial assessment<\/a> published Friday by the Defense Department’s inspector general office estimates that the Pentagon has $4.1 trillion in assets. It is the only major federal agency that has never passed a clean audit, as required by law<\/a>.<\/p>\n\n\n\n

“Of the 28 reporting entities undergoing stand-alone financial statement audits, nine received an unmodified audit opinion, one received a qualified opinion, 15 received disclaimers, and three opinions remain pending,” the Pentagon said<\/a> Friday.<\/p>\n\n\n\n

Since the department’s first failed audit in 2018, Congress has authorized trillions of dollars in additional military spending<\/a>. According to the Costs of War Project, more than half<\/a> of the department’s annual budget “is now spent on military contractors” that are notorious for overbilling the government<\/a>.<\/p>\n\n\n\n

“The Pentagon’s latest failed audit is a great signal to the incoming administration for where they can start their attempts at slashing government spending,” Lindsay Koshgarian, director of the National Priorities Project at the Institute for Policy Studies, told Common Dreams<\/em>. “Instead of gutting veterans’ benefits or the Department of Education as planned, they should start with the one major government agency that has never passed an audit, the Pentagon.”<\/p>\n\n\n\n

Progressive watchdogs and lawmakers have long cited<\/a> the Pentagon’s failure to pass a clean audit as evidence of the department’s pervasive waste<\/a> and fraud. The Pentagon buried a 2015 report identifying $125 billion in administrative waste out of concern that the findings would be used as a justification “to slash the defense budget,” as The Washington Post<\/em>reported<\/a> at the time.<\/p>\n\n\n\n

Last year, Sen. Bernie Sanders<\/a> (I-Vt.) introduced an amendment<\/a> to the annual National Defense Authorization Act that would have required the Pentagon to return a portion of its budget to the Treasury Department’s general fund as a penalty for failing audits.<\/p>\n\n\n\n

“Year after year the establishment on both sides of the aisle have prevented these amendments from receiving a single roll call vote,” Warren Gunnels, Sanders’ staff director, wrote<\/a> on social media over the weekend.<\/p>\n\n\n\n

This story has been updated to include comment from Lindsay Koshgarian\u00a0of the National Priorities Project.<\/em><\/p>\n\n\n\n

Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.<\/p>\n\n\n\n

JAKE JOHNSON<\/a><\/p>\n\n\n\n

Jake Johnson is a senior editor and staff writer for Common Dreams.<\/p>\n\n\n\n

Full Bio ><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pentagon Press Secretary Maj. Gen. Pat Ryder holds a press briefing on October 1, 2024 in Arlington, Virginia.  (Photo: Win McNamee\/Getty Images) Sen. Bernie Sanders has introduced legislation that would require the Pentagon to return a portion of its budget as a penalty for failing audits, but lawmakers from both… Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/37702"}],"collection":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=37702"}],"version-history":[{"count":1,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/37702\/revisions"}],"predecessor-version":[{"id":37703,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/37702\/revisions\/37703"}],"wp:attachment":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=37702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=37702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=37702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}