Democrat President Joe Biden’s Department of Defense (DOD) has “lost track” of a staggering $220 billion’s worth of military equipment.
According to a Government Accountability Office report , the DOD, one of the largest federal agencies, has admitted to losing the taxpayer-funded equipment after giving it out to military contractors.
The Pentagon often contracts with third parties for a range of services such as intelligence gathering, weapons development, and transportation.
The DOD will sometimes loan out government property to these contractors.Such equipment includes ammunition, missiles, and torpedoes.The purpose of the loaned equipment is to help the contractors accomplish their mission goals.Unfortunately, the DOD has done a poor job of keeping track of these assets.The report found that the $220 billion in equipment the agency has lost track of is likely “significantly understated.”The report also cites lost equipment as one of the reasons the DoD can’t balance its books.The agency has never passed […]
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