PDA

View Full Version : VIDEO: Pentagon’s Failure to Audit Contracts Wastes Billions




Constitutional Paulicy
06-21-2013, 01:00 AM
http://www.youtube.com/watch?v=6uZn8Ztr3sY&feature=youtube_gdata

Pentagon’s Failure to Audit Contracts Wastes Billions
By DAVID FRANCIS, The Fiscal Times
May 21, 2013


The Pentagon’s internal auditing arm charged with ensuring that DOD spends its money properly has a $574 billion backlog – leaving potentially tens of billions of overpayments to contractors on the table.

The Defense Contract Auditing Agency, a little-known federal agency with a budget of $573 million, charged with independently auditing DOD contracts, is in disarray. As the name suggests, its function is simple: to audit contracts made between DOD and private businesses.

more here.... http://www.thefiscaltimes.com/Articles/2013/05/21/Pentagons-Failure-to-Audit-Contracts-Wastes-Billions.aspx#page1



http://www.youtube.com/watch?v=lHtQk5GQVyU

Rand Paul’s message to Republican convention: ‘Audit the Pentagon’
By Chris Moody, Yahoo! News
Sun, Aug 26, 2012


TAMPA--Kentucky Sen. Rand Paul will use his prime-time speaking slot at the Republican National Convention to urge party members to be more open to scrutinizing military spending, a position that puts him in the minority within the GOP.

Paul made the remarks Sunday when he addressed thousands of supporters at a rally for his father, former Republican presidential candidate and Texas Rep. Ron Paul, at the University of South Florida.

more here... http://news.yahoo.com/blogs/ticket/rand-paul-message-republican-convention-audit-pentagon-230638244.html