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15 billion dollers in US Iraq spending unaccounted for

Posted: Sat May 24, 2008 7:07 am
by 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.'

Posted: Sat May 24, 2008 8:46 am
by Stephen Eisel
Obviously, the IRS does not audit our or own government :D :D :D

Posted: Sat May 24, 2008 9:07 am
by 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.