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From:The Free Dictionary

Thursday, September 22, 2005

Where's the money?

No accountability, no oversight, total incompetence in every department of Bush’s Cabinet.

Defense Spending Is Overstated, GAO Report Says

By Ann Scott Tyson
Washington Post Staff Writer
Thursday, September 22, 2005; Page A23

The Pentagon has no accurate knowledge of the cost of military operations in Iraq, Afghanistan or the fight against terrorism, limiting Congress's ability to oversee spending, the Government Accountability Office concluded in a report released yesterday.

The Defense Department has reported spending $191 billion to fight terrorism from the Sept. 11, 2001, attacks through May 2005, with the annual sum ballooning from $11 billion in fiscal 2002 to a projected $71 billion in fiscal 2005. But the GAO investigation found many inaccuracies totaling billions of dollars.

"Neither DOD nor Congress can reliably know how much the war is costing and details of how appropriated funds are being spent," the report to Congress stated. The GAO said the problem is rooted in long-standing weaknesses in the Pentagon's outmoded financial management system, which is designed to handle small-scale contingencies

Read more: Washington Post

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