They can’t account for the money we’ve given them, so let’s give them more. From Ryan McMaken at mises.org:
In November, the Pentagon announced it had failed yet another audit. In spite of the fact that the Department of Defense has had years to get its act together, the Pentagon still doesn’t know how it spends or maintains its trillions of dollars’ worth of taxpayer-funded assets and income. As Breaking Defense noted last month:
The Pentagon has failed its annual audit for the fifth year in a row, an expected result that nonetheless represents something of a disappointment for an effort that officials hoped would continue steady, if incremental, year over year progress. . . . The Pentagon has failed every audit since 2018, the first audit of the department ever performed in its history.
Accounting like this, of course, would land most private-sector C-suite executives in prison for various financial crimes. Moreover, this is the same government that insists it has the prerogative to spy on most of our banking transactions and that has even recently started demanding that we report every Venmo and PayPal transaction over $600. But that’s not how things work in the government sector. The Pentagon can fail an audit on literally trillions of dollars, and all that means is “there’s room for improvement.”
Indeed, rather than tie funding to accurate information about how taxpayer money is spent, Congress this month has mostly been debating how much to increase defense spending.