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Reporting

Hearing Held to ‘Get to the Bottom’ of DOD’s ‘Financial Management Challenges’ After Failing 5 Audits

The House Oversight Committee noted that 61% of the Department of Defense’s (DOD) assets are unaccounted for. They tweeted about the issue Thursday and wrote, “ @DeptofDefense has failed 5 consecutive audits yet keeps…

Jessica Marie Baumgartner·Jul 13, 2023·2 min read

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The House Oversight Committee noted that 61% of the Department of Defense’s (DOD) assets are unaccounted for.

They tweeted about the issue Thursday and wrote, “@DeptofDefense has failed 5 consecutive audits yet keeps receiving over a trillion taxpayer dollars annually from Congress.”

The tweet directed users to watch the live hearing being held by the House Joint Subcommittee.

During the hearing, Chairman Rep. Glenn Grothman (R-Wis.) described the “financial management challenges” of the DOD.

He expressed concerns over the fact that the missing assets amount to three trillion dollars, and criticized the DOD

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Hearing Held to ‘Get to the Bottom’ of DOD’s ‘Financial Management Challenges’ After Failing 5 Audits — IJR

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’s arrogance in regards to being held to a different standard than American citizens and business owners.

Grothman accused the DOD of “having a hide-and-seek game with the U.S. taxpayer.”

“Today it’s vital we assess the efficiency, transparency, and accountability of the Department of Defense’s financial practices,” he added.

This comes just as Congress is debating next year’s national defense budget. The National Defense Authorization Act for 2024 is causing various discussions about the purpose of the DOD.

Rep. Marjorie Taylor Greene (R-Ga.) tweeted, “Our NDAA should not fund foreign wars, it should only fund our nation’s defense and protect our national security.”

Rep. Deborah Ross (D-N.C.) expressed frustration that her amendment supporting “dreamers” was blocked.

Rep. Matt Rosendale (R-Mont.) introduced an amendment that ends the military’s ability to detain Americans under the 2012 National Defense Authorization Act.

Over 1,500 amendments have been filed against the current 2024 National Defense Authorization Act.