A US federal watchdog has criticised the US military for failing to account properly for billions of dollars it received to help rebuild Iraq.
The Special Inspector General for Iraq Reconstruction says the US Department of Defence is unable to account properly for 96% of the money.
[bold emphasis added by bubba]The U.S. Defense Department is unable to properly account for over 95 percent of $9.1 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit released Tuesday.
... The audit found that shoddy record keeping by the Defense Department left the Pentagon unable to fully account for $8.7 billion it withdrew between 2004 and 2007 from a special fund set up by the U.N. Security Council. Of that amount, Pentagon "could not provide documentation to substantiate how it spent $2.6 billion."
... The audit cited a number of factors that contributed to the inability to account for most of the money withdrawn by the Pentagon from the Development Fund for Iraq. It said most of the Defense Department organizations that received DFI money failed to set up Treasury Department accounts, as required.
In addition, it said no Defense Department organization was designated as the main body to oversee how the funds were accounted for or spent.
"The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss," the report said. ...
BBC News - US 'fails to account' for Iraq reconstruction billions
And this is not the first time we hear of miss-management.. do they never learn?
Considering the billions.. well trillions the US has spent on getting rid of Saddam.. the 6 to 12 billion he skimmed off the oil for food program seem a freaking bargain now.
No - the government never learns.
There's misplaced money all over, in every little nook and cranny - I bet you they're stuffing it in their seat cushionsMight even be padding a bra or two!
Considering a lot of it if not most was handled by private contractors most likely, then well hehe.
BBC News - US 'fails to account' for Iraq reconstruction billions
And this is not the first time we hear of miss-management.. do they never learn?
Considering the billions.. well trillions the US has spent on getting rid of Saddam.. the 6 to 12 billion he skimmed off the oil for food program seem a freaking bargain now.
Ya know, call me crazy, but I would think the Tea Partiers would be fuming over this. I bet on Fox News, it's wall-to-wall coverage.
BBC News - US 'fails to account' for Iraq reconstruction billions
And this is not the first time we hear of miss-management.. do they never learn?
Considering the billions.. well trillions the US has spent on getting rid of Saddam.. the 6 to 12 billion he skimmed off the oil for food program seem a freaking bargain now.
Ya know, call me crazy, but I would think the Tea Partiers would be fuming over this. I bet on Fox News, it's wall-to-wall coverage.
Are you claiming that Fox is covering for Obama's blowing of $9 billion?
The missing unacounted for cash or the story of the missing unaccounted for cash?
Ya know, call me crazy, but I would think the Tea Partiers would be fuming over this. I bet on Fox News, it's wall-to-wall coverage.
You are crazy.... the parties you cite are nothing but hypocrites.
As you well pointed out, if they were true to their convictions, they would be all over this as well as whatever else gets their panties in a bunch.
Are you claiming that Fox is covering for Obama's blowing of $9 billion?
Excerpted from “US 'fails to account' for Iraq reconstruction billions,” BBC, 27 July 2010 Last updated at 11:57 ET
[size="+2"]A[/size]ccording to the report, the Pentagon is unable to fully account for $8.7bn of funds it withdrew between 2004 and 2007, and of that amount it "could not provide documentation to substantiate how it spent $2.6bn".
You're painting witha rather broad brush... Keep your stereotypes to yourself.
Are you claiming that Fox is covering for Obama's blowing of $9 billion?
BBC News - US 'fails to account' for Iraq reconstruction billions
And this is not the first time we hear of miss-management.. do they never learn?
Considering the billions.. well trillions the US has spent on getting rid of Saddam.. the 6 to 12 billion he skimmed off the oil for food program seem a freaking bargain now.
...but let's say it's gone; the above still applies... and...The US military said the funds were not necessarily missing, but that spending records might have been archived.
...this is not the first time we hear of miss-management.. do they never learn?
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