$8.7 billion lost in Iraq...

billion-dollarsWell… doesn’t this just suck…

The Defense Department is unable to account for $8.7 billion of the $9.1 billion in Development Fund for Iraq monies it received for reconstruction in Iraq, reports Federal News Radio today.

 

The Special Inspector General for Iraq Reconstruction (SIGIR) issued a report today that claims a “weakness” in the DoD’s “financial and management controls left it unable to properly account for $8.7 billion of the $9.1 billion in DFI funds.” The money vanished “because most DoD organizations receiving DFI 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,” explains the Inspector General. “The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss.”

DFI revenue is generated from export sales of petroleum, petroleum products, and natural gas from Iraq, and surplus funds from the United Nations Oil-for-Food Program as well as frozen Iraqi assets, according to SIGIR.

 

Oh how the mighty do fall…

How fucked up is this…

$8.7 billion just magically disappear in Iraq and I guarantee the first you have heard of this is from a website that took an pickpocket1-300x300ever so brief break from talking about wheat and aliens long enough to mention it…

I really don't know what to be more upset about here: the corporate thievery, crippling corruption, or the deaf and dumb media that believes whatever is going on between the greasy haired guy and the really pale five from Twilight is more important than our government and its hired contractors managed to misplace $8.7 billion.

Corporate marauders pick our pockets with full impunity and neither our elected officials nor our Press bat nary an eye to it.

Chinese-invasion-of-america-red-dawn-remake-14-560x420Sad to say friends but ultimately we are going to deserve whatever Hell our decline as in store for us...

(HINT: it might be beneficial to become fluent in Mandarin Chinese…)

Amazon

What Do You Think

Gay Marriage....

Our Friends Check Them Out

RobotsWillKillUs

You are here: HomeNewsHeadlines $8.7 billion lost in Iraq...