NEWS One Billion Dollars...

[jmcquate]

Uhhhhh, should they be? Or better yet, could they be?

1. Yes 2. No.............just like the rest of the Federal Government.

 

[squorch2]

They're aiming for full audit ability by 2017.

 

[jmcquate]

They're aiming for full audit ability by 2017.

You're funny.

 

[HH-60H]

1. Yes 2. No.............just like the rest of the Federal Government.

The same law that requires the rest of the federal government to do so also applies to DoD.

DoD has been preparing for it for over a decade and looks to be ready by 2017.

http://comptroller.defense.gov/fiar/fiar_plan.aspx

 

[robav8r]

The same law that requires the rest of the federal government to do so also applies to DoD.

DoD has been preparing for it for over a decade and looks to be ready by 2017.

http://comptroller.defense.gov/fiar/fiar_plan.aspx

We should start a new thread on the "over-under" for the 2017 audit.

 

[Renegade One]

http://us.cnn.com/2016/06/20/politics/military-aviation-crash/index.html

I can guarantee the FA-18A in Fallon wasn't worth $71 million.

Could be legit…if that figure is the "then year cost" adjusted to "now year dollars"…given the 220% inflation rate that's accrued in the past 30 years.

Or if it landed on prehistoric and sacred First Peoples burial grounds or some such place that had to be completely decontaminated of POL, carbon composite fibers, other carcinogens, etc. I have no doubt that "bean counters" could conjure up a total "cost" of $71M without even trying.

 

[Swanee]

Or if it landed on prehistoric and sacred First Peoples burial grounds or some such place that had to be completely decontaminated of POL, carbon composite fibers, other carcinogens, etc. I have no doubt that "bean counters" could conjure up a total "cost" of $71M without even trying.

Ah yes, the pesky "Other property damages" section of the SIR.

 

[jmcquate]

Ah yes, the pesky "Other property damages" section of the SIR.

Thus the phrase "Bought the Farm".

 

[pourts]

Because the Federal Government doesn't pay taxes nor is publicly traded the GAO to the best of my knowledge doesn't calculate depreciation for property. CNN can only use what the stuff cost new and calculate in today's dollars.............although I'm guessing they were to lazy to do even that and pulled the numbers out of their ass.

They probably took the exact number that NSC gave them. You know... laziness and all.