{"id":572,"date":"2012-09-30T01:49:08","date_gmt":"2012-09-30T01:49:08","guid":{"rendered":"http:\/\/peaceeconomyproject.org\/wordpress\/?p=572"},"modified":"2012-12-30T01:51:17","modified_gmt":"2012-12-30T01:51:17","slug":"the-pentagons-waste-fraud-and-abuse-has-gone-too-far","status":"publish","type":"post","link":"https:\/\/peaceeconomyproject.org\/wordpress\/the-pentagons-waste-fraud-and-abuse-has-gone-too-far\/","title":{"rendered":"The Pentagon\u2019s Waste, Fraud and Abuse has Gone too Far."},"content":{"rendered":"

Friends Committee on National Legislation: ISSUES<\/a><\/p>\n

\"missing-102-billion-fncl-campaign<\/a><\/p>\n

How does a department lose $102 billion in one year? The Pentagon is the only department that has never passed an audit, so it\u2019s easier than you\u2019d think. And with a total budget of over $700 billion per year, the Pentagon\u2019s excesses come at the country\u2019s expense. Take action now to cut waste, fraud and abuse in the Pentagon.<\/p>\n

Losing track of inventory and leases
\nIneffective ordering practices lead to overstocking of spare parts \u2014 more than the military needs or will use.1 So while $5 billion in unneeded spare parts sit in military warehouses, about $1 billion in additional parts are on order at any given time.<\/p>\n

When the Pentagon doesn\u2019t return shipping containers on time, it racks up late fees. Because it spends millions on leases, those late fees cost taxpayers millions more. Between 2001 and 2011, late fees on shipping containers totaled an outrageous $720 million.<\/p>\n

Paying for Contractor Profits
\nThe Government Accountability Office reports that 80 percent of the weapons programs are paying higher prices per weapon than in the original bid. Contractors regularly increase prices, and the Pentagon pays out the difference.
\nAt the same time, Pentagon contractors regularly report billions in profits.4 Some of those profits come from markups that allow contractors to charge many many times the value of an item \u2014 including charging $284 for an $8 helicopter door part!<\/p>\n

Missing Money
\nThe Commission on Wartime Contracting reported last fall that there was an estimated $31 to $60 billion in Pentagon waste and fraud related to the Iraq and Afghanistan wars. Those losses were described as largely avoidable.<\/p>\n

Poor record keeping means that contractors owe the Pentagon $200 million in uncollected debt, but the Pentagon only has contractor identification information for half of that \u2014 keeping the debt from being processed and collected.<\/p>\n

READ MORE HERE<\/a><\/p>\n

Staffers from the Friends Committee on National Legislation will be in St. Louis on Oct. 29th.<\/em> Click here for more info<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Friends Committee on National Legislation: ISSUES How does a department lose $102 billion in one year? The Pentagon is the only department that has never passed an audit, so it\u2019s easier than you\u2019d think. And with a total budget of over $700 billion per year, the Pentagon\u2019s excesses come at the country\u2019s expense. Take action […]<\/p>\n","protected":false},"author":1,"featured_media":573,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[9],"tags":[],"class_list":["post-572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pep"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t