The Fleecing of America: Those Missing Pentagon Trillions @firetown #wtc7 #911 #SEC

Military waste under fire

$1 trillion missing — Bush plan targets Pentagon accounting

The Department of Defense, already infamous for spending $640 for a toilet seat, once again finds itself under intense scrutiny, only this time because it couldn’t account for more than a trillion dollars in financial transactions, not to mention dozens of tanks, missiles and planes.

The Pentagon’s unenviable reputation for waste will top the congressional agenda this week, when the House and Senate are expected to begin floor debate on a Bush administration proposal to make sweeping changes in how the Pentagon spends money, manages contracts and treats civilian employees.

The Bush proposal, called the Defense Transformation for the 21st Century Act, arrives at a time when the nonpartisan General Accounting Office has raised the volume of its perennial complaints about the financial woes at Defense, which recently failed its seventh audit in as many years….Source: SF Gate

Anonymous said…

A trillion here, a trillion there and pretty soon we’re talking some serious cash. While the average American can’t even pronounce trillion without stumbling, Congress has it down to a fine art and is working on getting gazillion. Where will it stop? nobody knows but Congress seems bent on getting there faster than those before them.

3/5/10 9:17 AM
Anonymous said…
Poof it’s gone and the towers came down

3/7/10 12:32 PM
Elyssa D’Educrat said…
Anonymous said…
Poof it’s gone and the towers came down
3/7/10 12:32 PM

~i heart anonymous~

But i always found it curious that they had no back-up files for the 300 open investigations that were lost on 9/11 by the SEC.

just another little piece of the puzzle…

“The office, which enforces SEC regulations, lost files on about 300 pending investigations, including a major inquiry into the manner in which investment banks divvied up hot shares of initial public offerings during the high-tech boom.”



Author: Chilleh Penguin

A frisky penguin.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s