Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (68987)	5/28/2008 9:47:41 AM
From: Dale Baker	Read Replies (1) \| Respond to of 542225

Pentagon Auditors Can't Keep Up - WSJ Even as the U.S. defense budget doubled to $600 billion in 2007 from $300 billion in 2000, the number of Pentagon auditors keeping track of the money essentially remained the same, according to a report to Congress from the Defense Department inspector general. The study, obtained by a watchdog group and reported by The Wall Street Journal, says the manpower shortfalls leave each auditor responsible for more than $2 billion in spending, up from the $642 million each auditor oversaw in 2000, and thus leave the Pentagon "more vulnerable to fraud, waste, and abuse." A large share of defense spending had little or no oversight at all, the report says, judging only $158 billion of the $316 billion the Pentagon spent on weapons acquisitions last year to be sufficiently audited.