Jake Johnson is a senior editor and staff writer for Common Dreams.
The Pentagon announced late last week that it failed its seventh consecutive audit as the sprawling, profiteering-ridden department wasn't able to fully account for its trillions of dollars in assets. As with its past failures to achieve a clean audit, the U.S. Defense Department attempted to cast the 2024 results in a positive light, with the Pentagon 's chief financial officer declaring in a statement that 'momentum is on our side.' The Pentagon is the largest U.S.
According to the Costs of War Project, more than half of the department's annual budget 'is now spent on military contractors' that are notorious for overbilling the government. 'The Pentagon's latest failed audit is a great signal to the incoming administration for where they can start their attempts at slashing government spending,' Lindsay Koshgarian, director of the National Priorities Project at the Institute for Policy Studies, told Common Dreams.
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