Report: Pentagon lost track of $220 billion in equipment

By Around the Web


[Editor’s note: This story originally was published by Real Clear Wire.]

By Adam Andrzejewski
Real Clear Wire

The Department of Defense, one of the largest federal agencies, has admitted to losing track of over $220 billion worth of equipment it gave out to military contractors, according to a Government Accountability Office report.

The DoD frequently contracts with third parties for a host of services such as intelligence gathering, weapons development, and transportation. Sometimes, the DoD will loan out government property to these contractors, including ammunition, missiles, and torpedoes, to help the contractors accomplish their mission goals. Unfortunately, the DoD has done a poor job of keeping track of these assets.

The report found that the $220 billion in equipment the agency has lost track of is likely “significantly understated.” The report also cites lost equipment as one of the reasons the DoD can’t balance its books. The agency has never passed an audit, and the agency could only account for 39% of its $3.5 trillion in assets during its last audit in November 2022.

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This is not a new problem, with auditors first noting the agency had a material weakness in tracking assets in 2001. Since then, leadership has tried multiple times to create a database to document its assets, but has failed every single time. It has begun the process of starting a database of assets for the eighth time, this time pledging to have a system in place by 2026.

It’s not only fiscally irresponsible for the Pentagon to lose track of $220 billion in assets, it’s a risk to national security when the Pentagon loans out weapons without ever following up on what happened to them.

The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com

This article was originally published by RealClearInvestigations and made available via RealClearWire.

EDITOR’S NOTE: Long the world’s most Christian nation, America today is being taken over by a new “official” national religion, one being imposed on the entire populace by every major societal institution, from government, media and big tech, to academia, entertainment and business.

This new state religion is Wokeism. “Going woke” conjures up visions of someone claiming to be acutely sensitive (“awake”) to “systemic social and political injustice.” And not just alleged bigotry against blacks, but toward every other “minority” as well, from LGBT folk – especially everything transgender and “nonbinary” – to “undocumented immigrants.” All of them, being VICTIMS, intrinsically more virtuous than the shameful oppressor class: primarily heterosexual white males.

This new “woke” consciousness has turned America upside-down – from the nationwide Antifa and Black Lives Matter riots in 2020, to tearing down of historic monuments, to demanding multi-million-dollar reparation payments for blacks, to appointing transgenders as top government officials, to rampant reverse discrimination in every area of life, to the U.S. military imposing mandatory “diversity training” and transgender pronoun use on all personnel, causing recruitment to disastrously plummet.

Yet there is hope. Being “saved” – which in Wokeism is called being “woke” – is largely a matter of worshipping victimhood by becoming an “ally” and “defender” of all the many victim classes, and a determined enemy of the straight white male oppressor class. Thus, “joining the righteous” as an ally – even if one is cursed to be a straight white male – opens the door mercifully for salvation, even to the most wretched.

That is the power of the religion of Wokeism. And it’s explored as never before in the February 2023 issue of WND’s critically acclaimed monthly Whistleblower magazine. If you’ve ever wondered, for example, exactly how the most radical elements in American society are successfully pressuring the biggest corporations into adopting the most outrageous and immoral policies imaginable, even when doing so permanently damages and devalues the company, the stunning answers are in this issue of Whistleblower, titled “WOKEISM: AMERICA’S OFFICIAL STATE RELIGION.”


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