The Pentagon still can’t manage to produce its first audit in 20 years

After decades of failing to produce clear financial statements, the Pentagon is once again set to fail to meet its audit deadline two years from now. The Pentagon accounts for nearly half of all discretionary spending approved by Congress, has an inventory that makes up 33 percent of the federal government, a budget of over $500 billion, and owns $1.3 trillion in property. Not once has it managed to scrape together…