According to a study led by Michigan State University professor Mark Skidmore, some $21 trillion in Pentagon accounting transactions, made over a 17-year period, lack supporting data. This doesn't mean the money is gone - the Pentagon only received roughly $9.2 trillion in budget money during that time - but it does mean the system is so choked with bad numbers, we have little idea of what mischief might be taking place at the Department of Defense. Double-billing [is] an alarmingly simple scheme. As Andy the Air Force accountant puts it: "A contractor accidentally invoices the military twice. It gets paid twice." For example, one company got paid in full for delivering just 28 percent of a lug-nut contract; or the Swiss contractor that supposedly over-billed by $757 million to supply the troops in Afghanistan. In one of the worst military scandals in recent history, a contractor called "Fat Leonard" reportedly bribed Navy officials with prostitutes and more than $500,000 in order to steer Navy boats to his portside service centers, where he systematically overbilled taxpayers. The ... grifter got more than $200 million in Navy contracts. On paper, the military can lose track of even big things - like 39 Black Hawk helicopters. But Andy thinks if independent analysts get to actually count the stuff that's supposed to be sitting in depots, this will [reveal] the true extent of the corruption and/or disorganization in the military.
Latest
Latest News
Each news summary is created according to strict standards. Here's how we do it.
Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.