FOCUS: Matt Taibbi | The Pentagon's Bottomless Money Pit

18 March 19 Frantically Trying to Get Your Attention on Donations! We are 12 days into the March fundraiser and the numbers are dreadfully low. We are doing everything in our power to get your attention to the fundraising campaign. Pull off the info superhighway for a moment and put a few bucks behind Reader Supported News. Thanks to all. Marc Ash Founder, Reader Supported News Sure, I'll make a donation! Update My Monthly Donation If you would prefer to send a check: Reader Supported News PO Box 2043 Citrus Hts, CA 95611

18 March 19 It's Live on the HomePage Now: Reader Supported News WE NEED A FEW GOOD DONORS - That is that all RSN needs to survive and prosper. Literally one out of every one hundred donors will do it. That is totally sustainable. Help us. / Marc Ash, Founder Reader Supported News Sure, I'll make a donation! FOCUS: Matt Taibbi | The Pentagon's Bottomless Money Pit  Matt Taibbi, Rolling Stone Taibbi writes: "When the Defense Department flunked its first-ever fiscal review, one of our government's greatest mysteries was exposed: Where does the DoD's $700 billion annual budget go?"  EXCERPT:   retired Air Force auditor — we’ll call him Andy — tells a story about a thing that happened at Ogden Air Force Base, Utah. Sometime in early 2001, something went wrong with a base inventory order. Andy thinks it was a simple data-entry error. “Someone ordered five of something,” he says, “and it came out as an order for 999,000.” He laughs. “It was probably just something the machine defaulted to. Type in an order for a part the wrong way, and it comes out all frickin’ nines in every field.” Nobody actually delivered a monster load of parts. But the faulty transaction — the paper trail for a phantom inventory adjustment never made — started moving through the Air Force’s maze of internal accounting systems anyway. A junior-level logistics officer caught it before it went out of house. Andy remembers the incident because, as a souvenir, he kept the June 28th, 2001, email that circulated about it in the Air Force accounting world, in which the dollar value of the error was discussed. Wanted to keep you all informed of the massive inventory adjustment processed at [Ogden] on Wednesday of this week. It isn’t as bad as we first thought ($8.5 trillion). The hit . . . $3.9 trillion instead of the $8.5 trillion as we first thought. READ MORE Contribute to RSN Update My Monthly Donation