Reuters: Pentagon still years from having books in order

[unhappycamper]

WASHINGTON (Reuters) - The U.S. Defense Department's finances may not be able to meet normal accounting standards for several more years, possibly not until after President George W. Bush leaves office, a Pentagon official said on Friday.

Richard Sylvester, Defense Department deputy director of property and equipment policy, said in a step toward reaching that goal the Pentagon had for the first time established the cost of each piece of military equipment in its massive arsenal.

<snip>

"I would say we're several years away from having a certifiable audit," Sylvester told reporters.

<snip>

The Pentagon has already frustrated hopes that it could pass a clean audit by 2007. A clean audit is an independent financial review that finds no material problems.

Link to article.

[C_U_L8R]

1. Too busy stuffing cash in their pockets

to actually count it.

[unhappycamper]

2. They don't want 'We The People' to count it.

If We knew the real numbers, We'd be pissed off more than We are now.

[mom cat]

3. Will we find the missing trillions?

[unhappycamper]

4. Unlikely, but I sure would be interested in finding the missing

$8,800,000,000.00.

[unhappycamper]

6. I just did a little research.

$8,800,000,000 is a stack of $100 bills 28,871.39 feet high. That's not as tall as Mount Everest (29,035 feet), but it is an impressive stack o bills to disappear.

Resources:
http://www.lcurve.org/TRTPart1.htm
http://www.onlineconversion.com/length_common.htm

[bemildred]

5. Never, The books will never be put in order. nt