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View Diary: Rep. Barbara Lee plans Audit the Pentagon amendment (33 comments)

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  •  Rep. Barbara Lee's diary from last year..... (0+ / 0-)

    Time to put an end to "unlimited spending and no accountability at the Pentagon"

    Here’s what the Audit the Pentagon Act of 2012 would do. Please consider adding your name to my petition as a citizen co-signer.

    · Require financial statements and compliance with basic accounting standards. The Chief Financial Officers Act of 1990 and other laws require almost every major and minor federal agency to produce financial statements that can pass an independent external audit each year. The US Department of Defense (DOD) is the only agency that cannot be audited or predict realistically when it will pass an audit. Meanwhile, nearly sixty cents of every federal discretionary dollar now goes toward defense spending, and by the Pentagon’s own admission, it cannot properly account for how the money is spent. There is no doubt that these circumstances have contributed to instances of waste, fraud, and abuse at the Pentagon.
    · Budget penalties for lack of transparency. Reduce by 5 percent the discretionary budget authority of any Federal agency for a fiscal year if the financial statement of the agency for the previous fiscal year cannot be audited by an external independent auditor. The bill would exempt military personnel accounts and the Defense Health Program. It also contains a waiver for any potential harm to national security or combat forces. The savings generated from H.R. 6528 would be retained in the general fund for deficit reduction.
    This bill embodies a simple principle: If an agency is chronically unable to properly account for taxpayer dollars, there should be consequences for that agency's budget. In the last dozen years, DOD has broken every promise about when it would pass an audit. This problem is not newly discovered, and further delay is unacceptable, especially given our fiscal constraints, and the enormous and increasing proportion of federal dollars going toward the defense budget.
    The financial reforms necessary to abide by basic accounting standards, laws, and regulations at DOD cannot wait. It is time for DOD to comply with current law and to finally do away with a culture of unlimited spending and no accountability at the Pentagon.

    "Who are these men who really run this land? And why do they run it with such a thoughtless hand?" David Crosby

    by allenjo on Wed Jun 12, 2013 at 03:43:29 PM PDT

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