The Defense Department is unable to account for $8.7 billion of the $9.1 billion in Development Fund for Iraq monies in received for reconstruction in Iraq. This according to a study published today by the Special Inspector General for Iraq Reconstruction.
"This situation occurred because most DoD organizations receiving DFI (Development Fund for Iraq) funds did not establish the required Department of the Treasury accounts and no DoD organization was designated as the executive agent for managing the use of DFI funds," the report states.
The Special Inspector General for Iraq Reconstruction (SIGIR) finds that only one Defense organization actually set up the accounts required by the Treasury.
"The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss," SIGIR says.
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This report HAS TO absolutely disgust most Americans. My son just got a notice from the IRS that his taxes were wrong from last year and he owes them $237. He only made about $17,000 last year and I wonder --- they are auditing THAT account and threatening him with all the powers of the IRS, but our same government loses 8.7 BILLION! BILLION!!! and who goes to jail for THAT?? and how long did THAT sloppy work go undetected? a kid owes $237 and BAM!! they are ON IT! 8.7 billion disappears and it takes YEARS to figure it out??? We need a revolution....quickly.
ReplyDeleteThis is why "handouts" (bailouts, welfare, etc.) are a bad idea. This must be intentional, because our government seems to have no problem monitoring the financial habits of private citizens.
ReplyDeleteGet the printing presses out again Obama, they need more money. I expect nothing less when you have Idi Amin running the U.S..
ReplyDeleteI bet anything this is a small amount compared to the real number.
ReplyDeleteGovernment oversight is pathetic no matter which party is running the show - thus the case for small government. I'm gonna loose my lunch now - sickening!
ReplyDelete12:08 so I guess these types of problems in DOD popped up when Obama came into office. More lunacy from the fringe right.
ReplyDelete1:14 you're right on!
I also have to wonder--- how much of that cold hard CASH went right back into the hands of the insurgents, who then bought weapons and bombs that killed our sons and daughters? So these criminally incompetent contractors and government officials (how many of THEM just bought new houses and cars??) took our money and were complicit in the murder of our bravest and finest??? taxpayers subsidizing the murder of our own troops....someone should go to jail...for a LONG time...and Bush and Obama BOTH need to publically apologize and ask forgiveness for this outrage. But no one WILL go to jail and neither one of those chumps will be sorry for anything...But you can be sure, the IRS will still be taking a lot of houses, land and as much cash as they can garnish from the taxpayers who are helpless in the face of this monstrosity we call a government of the people, for the people, and by the people....time for armed revolt...
ReplyDeleteI'm just as upset, but you can cut your "armed revolt" BS. You come around my way screaming that crap and you'll deserve to get strung up like any other traitor.
ReplyDeleteWar Profiteering at its finest.
ReplyDeleteThe government does not make mistakes. Ever.
One commenter explained how her son was sought for $237 income taxes . . . just an example of how our government never ever makes mistakes or overlooks money.
The "missing money" is war profiteering by the crooks who control the Military and its budget.
Mr. Long, when $8 billion disappears you might damn well call it a "handout." The sad truth is that talk shows and networks, all of them, will do a story on this today and then its forgotten. The so called military contractors--the same mercenaries and their "bosses" who occassionally decide to gun down some innocents for the hell of it and get away with it--KNOW this is true. They will be back on the J-O-B tomorrow...and we will let them. Anybody or any corporation who steals, diverts or "loses" that much military spending allocations is nothing but a traitor.
ReplyDeleteDear readers, how about reading the article? ALL of these losses - 96% of the money sent to Iraq for rebuilding - were suffered under Pres. Bush, not Pres. Obama. It was Pres. Bush who invaded the wrong country, Pres. Bush who sent more than $8 billion we can't find to Iraq, and Pres. Bush who lead a DoD that lost the money. Pres. Obama may be to blame for many things, but this isn't one of them.
ReplyDeleteFruit. Gen. Cit.:
ReplyDeleteStop wasting your time. These idiots spend all day fuming over Obama because they allow Beck/Rush to whip them into a froth. They rather read a small piece of a story then allow Hannity et al. to fill in the blanks.
3:54...you would have "strung up" Thomas Jefferson, George Washington and the like, too, huh? How much of the Constitution has to be destroyed before you and your kind say enough is enough?? Probably never. And I doubt if YOU could do anything like that to me....lol...
ReplyDelete