http://online.wsj.com/article/SB10001424052748703628204575618660950071410.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsThird
God forbid the defence contractors not have the authorization to use the open credit card to buy some more badly needed defense weapons.
How smart is it to use i-pads out in the sand? But it was sold as the latest and greatest must have for any war.
Political upheaval in Washington has upended the Pentagon's traditional budget cycle, creating serious uncertainty for the military and the defense industry.
At issue is passage of two bills that set spending priorities for the Pentagon: the national defense authorization act and the defense appropriations bill. In an unusual turn of events, neither bill has been passed for the new fiscal year, which began Oct. 1.
Legislators returning to Washington for a "lame duck" session following the Nov. 2 elections have a dwindling number of days to pass the bills, and defense contractors are worried that delays could potentially imperil some weapons-buying programs.
Showing posts with label Defense budget. Show all posts
Showing posts with label Defense budget. Show all posts
Thursday, November 18, 2010
Friday, October 1, 2010
Audit show Pentagon's new accounting system is busting it's own budget
http://coburn.senate.gov/public/index.cfm/news?ContentRecord_id=a2f48abc-ddd6-477b-99e5-b09ca279bf87&ContentType_id=abb8889a-5962-4adb-abe8-617da340ab8e&Group_id=2b5f5ef9-5929-4863-9c07-277074394357&MonthDisplay=9&YearDisplay=2010
Auditable books? What a unique idea, to use a proven method,
It always seemed to have worked in the olden days.
What do they call that process again, it's been so long since they used it, most people have forgotten.
Oh Yeah, now I remember
A Paper Trail.
By the way check Senator Coburns voting record out
Perception is not nearly enough to vote on
Check them out and make sure that they really will represent you and not just Corporate America
CQ Today - by John M. Donnelly
Lawmakers complained Wednesday that the Pentagon is mismanaging a systemic overhaul of its accounting systems, casting doubt on the Defense Department’s efforts to better manage its nearly $700 billion budget.
A new Government Accountability Office (GAO) audit found that new computer systems intended to improve the Pentagon’s financial oversight are themselves nearly $7 billion over budget and well behind schedule.
The larger problem of financial disarray at the Pentagon has been a longstanding one that lawmakers, auditors and Defense Department officials said is ever more pressing as record defense budgets have added to the federal debt. An inability to properly track and manage assets has broad ramifications for the U.S. military, they said.
The overruns and delays on the accounting software represent “the best argument for having auditable books,” said Robert E. Andrews, D-N.J., chairman of the House Armed Services Committee’s Defense Acquisition Reform Panel. “If they can’t keep track of setting up an auditing system, it suggests they can’t keep track of anything else.”
ENTERPRISE RESOURCE PLANNING
Auditable books? What a unique idea, to use a proven method,
It always seemed to have worked in the olden days.
What do they call that process again, it's been so long since they used it, most people have forgotten.
Oh Yeah, now I remember
A Paper Trail.
By the way check Senator Coburns voting record out
Perception is not nearly enough to vote on
Check them out and make sure that they really will represent you and not just Corporate America
CQ Today - by John M. Donnelly
Lawmakers complained Wednesday that the Pentagon is mismanaging a systemic overhaul of its accounting systems, casting doubt on the Defense Department’s efforts to better manage its nearly $700 billion budget.
A new Government Accountability Office (GAO) audit found that new computer systems intended to improve the Pentagon’s financial oversight are themselves nearly $7 billion over budget and well behind schedule.
The larger problem of financial disarray at the Pentagon has been a longstanding one that lawmakers, auditors and Defense Department officials said is ever more pressing as record defense budgets have added to the federal debt. An inability to properly track and manage assets has broad ramifications for the U.S. military, they said.
The overruns and delays on the accounting software represent “the best argument for having auditable books,” said Robert E. Andrews, D-N.J., chairman of the House Armed Services Committee’s Defense Acquisition Reform Panel. “If they can’t keep track of setting up an auditing system, it suggests they can’t keep track of anything else.”
ENTERPRISE RESOURCE PLANNING
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