Pentagon Can’t Count, Commodifies Contracts

Pentagon: Creative Accounting; Commodity Buying; Program Crunch; Reform Pilgrimage

• DoD is infamous for being unable to pass an audit, a situation they’re supposed to remedy by 2017, though whether they will meet that deadline is doubtful. So how do they balance their books with the Treasury in the meantime? According to Reuters, with bogus entries in the books, known internally under a couple euphemisms such as “plugs”, that’s how.