CBS– On Sept. 10, Secretary of Defense Donald
Rumsfeld declared war. Not on foreign terrorists, “the adversary’s
closer
to home. It’s the Pentagon bureaucracy,” he said.
He said money wasted by the military poses a serious threat. “In fact, it could be said it’s a matter of life and death,” he said.
Rumsfeld promised change but the next day – Sept. 11– the world changed
and in
the rush to fund the war on terrorism, the war on waste seems to have
been
forgotten.
Just last week President Bush announced, “my 2003 budget calls for more
than $48 billion in new defense spending.”
More money for the Pentagon, CBS News Correspondent Vince Gonzales
reports, while its own auditors admit the military cannot account for 25
percent of what it spends.
“According to some estimates we cannot track $2.3 trillion in
transactions,” Rumsfeld admitted.
$2.3 trillion — that’s $8,000 for every man, woman and child in America.
To understand how
the Pentagon can lose track of trillions, consider the case of one
military
accountant who tried to find out what happened to a mere $300 million.
“We know it’s gone. But we don’t know what they spent it on,” said
Jim Minnery, Defense Finance and Accounting Service.
Continue reading about the Pentagon Losing 2.3 Trilion.
© CBS 2002