Defense spending is vital to ensure the nation’s security. But that doesn’t mean the Pentagon should be above budget scrutiny. Far from it, as a recent audit reveals.
Last week, the Government Accountability Office concluded that the Pentagon cannot account for at least $220 billion in military gear given out to defense contractors. Nor is this a new phenomenon.
The report found that the Defense Department has for at least four decades “struggled” to accurately inventory billions in “government furnished property,” or GFP in bureaucratese.