House Budget Committee Chairman John Kasich (R-OH) issued a report today that portrays the Defense Department as wallowing in unchecked financial mismanagement totaling billions of dollars each year. Kasich will hold a hearing Thursday with Comptroller General David Walker to review the problems and discuss solutions Congress may try. Relying on news accounts, General Accounting Office and DOD Inspector General reports, Kasich's report contends DOD is unable to justify its accounting books. Noting that wasteful spending saps the readiness of...
