The Department of Defense put a “disclaimer of opinion” on its annual audit, trying to account for $824 billion. This means that they’re not sure where all of the money went and they won’t have clean books for at least another few years. Over $1 trillion in assets are unaccounted for and this is the seventh year in a row that the annual audit has failed to balance the books.
What if we presented the government with our tax returns like this? I think this is what I owe. I’ll give you a clear picture of my assets in four years. Deal with it.
Secretary of Defense Lloyd Austin said that the department “made real progress” and is “committed to achieving an unmodified (clean) financial statement audit opinion by the end of 2028.”
Auditing the DOD is undoubtedly a nightmare. They have to audit over 4,000 cites in over 160 countries but the department spent $1 billion to do it! They can’t get a good audit even by spending $1 billion?
Republican Congressman Tim Burchett says that the audit includes money for a “secret UFO program.”
