Show me the receipts: Pentagon fails financial audit with $824 billion missing; actually, they have never passed an audit

Secretary Lloyd Austin

Important Takeaways:

  • If there’s a better example of the urgent need for the Department of Government Efficiency… I’m unaware of what it is.
  • It was reported on Friday that the Pentagon, the nation’s largest government agency, failed its seventh audit in a row, still unable to fully account for its more than $824 billion budget. Worry not, suggested Pentagon officials, who stressed that they’re making “good progress” toward a clean audit in 2028.
  • According to reports, the Department of Defense — led by often-under-fire Secretary Lloyd Austin –technically earned a disclaimer of opinion, meaning it failed to provide sufficient information to auditors to form an accurate opinion.
  • First question: Why? I’ll venture a guess that the answer is because sufficient information was nowhere to be found, which raises the second question: Why not?
  • Still, Under Secretary of Defense Comptroller and Chief Financial Officer Michael McCord said in a statement that despite the disclaimer of opinion, the Defense Department “has turned a corner in its understanding of the depth and breadth of its challenges.”
    • “I do not say we failed, as I said, we have about half clean opinions. We have half that are not clean opinions. So if someone had a report card that is half good and half not good, I don’t know that you call the student or the report card a failure. We have a lot of work to do, but I think we’re making progress.”
  • We’re not talking about a student’s report card here, bud. We’re talking about close to a trillion dollars and the defense and security of the United States of America.
  • Incidentally, the Pentagon has never passed an audit since the agency became legally obligated to conduct them in 2018.

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“Department of Government Efficiency” Elon Musk and Vivek Ramaswamy to take charge

Elon Musk, Vivek Ramaswamy

Important Takeaways:

  • Elon and Vivek making changes to the Federal Bureaucracy… They will work together to liberate our Economy, and make the U.S. Government accountable to “WE THE PEOPLE.”
  • President-elect Donald Trump announced he has picked Tesla CEO and X owner Elon Musk and entrepreneur and former Republican presidential candidate Vivek Ramaswamy to “lead the Department of Government Efficiency.”
  • In a press release from the Trump-Vance transition team, Trump praised Musk and Ramaswamy as being “wonderful Americans” who would “pave the way” for his administration to “dismantle Government Bureaucracy” and “slash excess regulations.”
  • “I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (‘DOGE’). Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies — Essential to the ‘Save America’ Movement,” Trump said in his statement.
  • The press release continued:
  • It will become, potentially, “The Manhattan Project” of our time. Republican politicians have dreamed about the objectives of “DOGE” for a very long time. To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.
  • I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans. Importantly, we will drive out the massive waste and fraud which exists throughout our annual $6.5 Trillion Dollars of Government Spending. They will work together to liberate our Economy, and make the U.S. Government accountable to “WE THE PEOPLE.” Their work will conclude no later than July 4, 2026 – A small Government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!

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