Pentagon's $800 Billion Real Estate Problem -- Matthew Gault, Real Clear Defense
The U.S. Military Has No Idea What It Owns
The U.S. Department of Defense owns more than half a million properties worth in excess of $800 billion dollars. The military’s real estate holdings span the globe and, all together, sprawl across 30 million acres.
Pentagon auditors can’t explain what half the properties are for—and doesn’t have a plan for finding out. All this according to a Sept. 8 report from the Government Accountability Office.
The nearly trillion-dollar real estate glut is merely another example of egregious military waste.
Way back in 1997, the GAO identified the Pentagon’s real estate record-keeping as a “high risk” problem. The Defense Department could sell unused facilities and save billions.
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My Comment: So typical of government .... spend spend spend .... and then they try to figure out what they bought (and why).