Of course it's failing. Screwed up accounting allows for easier stealing and harder to pinpoint who/when/where money ended up.
We need a revolution, there I said it. Go ahead NSA and add me to the watch-list. Nobody here doubts that you scan this site daily.
Edit: This attitude by a US general doesn't exactly come across well:
Q: "But the fact is billions of dollars have disappeared without trace."
Oliver: "Of their money. Billions of dollars of their money, yeah I understand. I'm saying what difference does it make?"
No tinfoil hat stuff needed, merely look at history, opening the books of the Manhattan project or area 51 in the stealth fighter years would not have been very wise. I suspect as a former .mil guy that a lot more money disappears into stuff like that, than is officially admitted, or is lost to corruption.
If you think a simple IT project is expensive when .mil does it, doing anything secretly insta-quadruples the cost if not more.