China Posted February 28, 2023 Share Posted February 28, 2023 Pentagon Lost Track of $220B in Military Equipment 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. Click on the link for the full article 1 1 Link to comment Share on other sites More sharing options...
Xameil Posted February 28, 2023 Share Posted February 28, 2023 Did they look behind the couch or ottoman? Thats usually where the things i lose go....****ing thieving ferret 1 Link to comment Share on other sites More sharing options...
PleaseBlitz Posted February 28, 2023 Share Posted February 28, 2023 Lot of military equipment stored in Montana. We know @Jumbo recently took a trip there. Suspicious. 🤔 1 Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 28, 2023 Share Posted February 28, 2023 (edited) Have they checked flea markets and gun shows? Edited February 28, 2023 by The Evil Genius 1 Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted February 28, 2023 Share Posted February 28, 2023 (edited) I’ve misplaced $250K of Miatas before. It happens… Edited February 28, 2023 by TradeTheBeal! 4 Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 28, 2023 Share Posted February 28, 2023 How do you lose 100000 miatas? 1 7 Link to comment Share on other sites More sharing options...
Captain Wiggles Posted February 28, 2023 Share Posted February 28, 2023 5 Link to comment Share on other sites More sharing options...
CousinsCowgirl84 Posted February 28, 2023 Share Posted February 28, 2023 Whoopsy daisies Link to comment Share on other sites More sharing options...
Xameil Posted March 1, 2023 Share Posted March 1, 2023 19 hours ago, TradeTheBeal! said: I’ve misplaced $250K of Miatas before. It happens… Did you accidently put them in a ravine and say they were misplaced or did tou honestly misplace them. I can definitely see being at the bottom of a ravine a good place for a mazda miata Link to comment Share on other sites More sharing options...
skinsmarydu Posted March 1, 2023 Share Posted March 1, 2023 Well, they lost pallets of cash...why not equipment too? Link to comment Share on other sites More sharing options...
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