Reprinted from Bracing Views with the author’s permission.
In 2018, the Pentagon failed its first audit. In 2024, it failed its seventh audit in a row. The Pentagon has been “punished” for failing seven audits – and losing track of roughly $2 trillion in gear, weapons, and similar “assets” – with more money. Whether under Presidents Trump or Biden, the Pentagon budget has continued to soar toward a trillion dollars. That is the reward for total fiscal incompetence.
Congress says the Pentagon must achieve “a clean audit” by 2028. Imagine telling the IRS that you can’t account for your financials for seven straight years – and probably at least three more – but you hope to have a “clean” tax return after a decade of effort. And the IRS responds by giving you ever higher tax refunds that you haven’t earned. Nonsensical, isn’t it?