A little over a month ago I wrote about an ad placed by an organization called Sensible Priorities. The ad damned the Defense Department's financial management practices. Now, they've published a paper detailing some of the claims made in the ad.
The opening line of the paper is a good summary of it: "The Defense Department's financial managment practices would put any civilian company out of business." The basic problem is the lack of knowledge of their financial matters by the department and their ability to remain unscathed and unaccountable for this lack of knowledge. The paper faults both DOD's Inspector General and the GAO for their seeming unwillingness to hold people accountable.
I could summarize the paper, but it's really well-written and a fast and disheartening read.
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