15 billion dollers in US Iraq spending unaccounted for

[Tracy Jones]

'The Pentagon cannot account for nearly 15 billion dollars in payments for goods and services in Iraq, according to an internal audit which members of Congress blasted Friday as a “shocking” accountability failure.

The lack of accountability of the funds, intended for purchases of weapons, vehicles, construction equipment and security services, amounted to a 95 percent failure rate in basic accounting standards, according to the report.'

http://news.yahoo.com/s/afp/20080523/pl ... tarybudget

"American taxpayers are picking up the tab for Iraqi ministries, coalition governments, US and foreign contractors, Iraqi security forces, and Blackwater and other US security companies," Waxman said.'

[Stephen Eisel]

Obviously, the IRS does not audit our or own government

[Stephen Eisel]

The lack of accountability of the funds, intended for purchases of weapons, vehicles, construction equipment and security services, amounted to a 95 percent failure rate in basic accounting standards, according to the report.'

Sad, this is probably just the tip of the iceberg.