The U.S. Defense Department cannot account for about $2 billion it was given to cover Iraq-related expenses and is not providing Iraq with a complete list of U.S.-funded reconstruction projects, according to two new government audits.
Although the Department of Defense (DoD) had "internal processes and controls" to track payments, the "bulk of the records are missing," the report says, adding that the department is searching for them.
Other documents are missing as well, including monthly reports documenting expenses, the audit says.
"From July 2004 through December 2007, DoD should have provided 42 monthly reports. However, it can locate only the first four reports."

- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (23)
Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!
- 8 votes
Has anybody checked Cheney's pockets, or Bush's bank accounts yet?? :-P
- 7 votes
@gmross,
I was gonna suggest the same thing. In fact, the "former" CEO of Blackwater and a few others ought to have their pockets checked, too.
Can't account for it, my foot. Sounds like they just don't wanna go look up the people who stole the money and make 'em pay it back on their way to la Casa Grande.
- 6 votes
@PAt,
There's definitely room on the list for Halliburton. Good call!
- 6 votes
I remember reading the below linked article last year and thought something was fishy. Also there was a scam going around with an article attached that said soldiers had stolen $100 million dollars and needed a place to stash this. It was funny as when I researched this one each soldier had Ten Million to hide and would send it to a "trusted" friend (of course this friend was a stranger. lol) I don't think the scammer had any idea of the volume of space that would take up or just felt the one they were scamming was ignorant. The bottom line is with the different articles I figured there was so mighty skimming going on.
http://articles.latimes.com/2011/jun/13/world/la-fg-missing-billions-20110613
- 3 votes
Imagine that, just what we have been saying for years.
The Neo-cons stole a lot more than that.
Missing 2 billion dollars, ha, that is just the tip of the iceberg.
Many Neo-cons got rich on that war, which was the whole purpose of the war. G.Bush & company made billions, and still are, even with no troops there.
Hey, lets get the war with Iran started so the Neo-cons get more money, and we can pay higher gasoline prices.
Hell, the rich won't have to fight, the young will, FOOLS.
Give 'em a flag and a casket and they'll gladly die.
- 7 votes
Reporting from Baghdad — The Defense Department is unable to properly account for $8.7 billion out of $9.1 billion in Iraqi oil revenue entrusted to it between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping during the war.
http://articles.latimes.com/2010/jul/26/world/la-fg-iraq-funds-20100727
The Defense Dept should have its budget cut until it is small enough for them to keep track of.
The people at the Defense Dept who cannot account for the billions they were given should be put in prison or tell who the Hell they gave the money to.
- 4 votes
42 missing monthly reports........good grief, is anyone held accountable? My guess is those reports ended up in a shredder. With a lot of hands in the till.
- 5 votes
My guess is those reports ended up in a shredder.
If they did them at all!
- 5 votes
Yikes....if they did them all.....yikes just shaking my head....
- 3 votes
- 4 votes
It is truly mind boggling at the amount of money that just "disappeared" under the Bush administration. But there is nothing new about that. He is just carrying on the GOP tradition which consists of massive military spending, tax breaks for the 1%, and budget cuts everywhere else.
.............
http://www.americanprogress.org/issues/2012/01/ta_011312.html
Witness pretty much every single nickel of the $150 billion or so spent so far on President Ronald Reagan’s “Star Wars” pipe dream, which so far has failed to produce any of the myriad scientific breakthroughs necessary for the system to perform even remotely as has been continually promised.
..........
http://www.u-s-history.com/pages/h1957.html
By the time Reagan stepped down from the helm, he had expanded the U.S. military budget to a staggering 43% increase over the total expenditure during the height of the Vietnam war. That meant the increase of tens of thousands of troops, more weapons and equipment, not to mention a beefed-up intelligence program.
Throughout President Reagan's two terms (1981-1989), military spending was very high; however, he was able to accomplish it without breaking out into an economic sweat. Reagan's administration managed it while enjoying noticeably positive growth — albeit with massive budget deficits.
..............
http://www.rawstory.com/rs/2011/12/30/u-s-still-spending-billions-on-reagans-star-wars-missile-defense/
Boeing won a $3.48 billion contract Friday to retain its leading role in building a US shield against long-range ballistic missiles, defeating rival Lockheed Martin Corp., officials said Friday.
Lockheed, based in Bethesda, Maryland, had hoped to edge out Boeing, which has been the prime contractor for the anti-missile program since 2001.
The ground-based mid-course missile defense system has had a mixed record on missile tests, with two failures in 2010. The program has also faced cost overruns due to faulty parts, and the Pentagon is now requiring contractors to absorb the cost of defects in the future.
....................
- 3 votes
Info on defense budget from 2001 - 2008 ...
http://www.cbpp.org/cms/index.cfm?fa=view&id=125
This table therefore shows: a) the nominal or unadjusted average annual growth rates of the four program areas; b) the growth rates adjusted for inflation; and c) the growth rates adjusted for both inflation and population. We find that:
- Defense and related programs have grown far faster than any other area of the budget, while domestic discretionary programs have grown at the slowest rates.
- Taking inflation and population into account, the defense/security category has grown 27 times as rapidly as domestic discretionary programs.
- The defense/security category also has grown four times as rapidly as all domestic programs combined — a category that includes Social Security, Medicare, Medicaid, the other entitlements, and the domestic discretionary programs.
Table 3 also shows that revenues have fallen by 1.3 percent of GDP between 2001 and 2008. This is primarily a result of the enactment of large tax cuts in 2001 and 2003.[1]
In combination, the tax cuts and the increases in defense and security-related costs have caused the budget to deteriorate by 3.3 percent of GDP between 2001 and 2008.[2] By contrast, the changes over the same period in alldomestic programs combined — including Social Security, Medicare, and Medicaid — have cost a little less than 0.6 percent of GDP.
- 3 votes
Oh how I love your google abilities and you linky is incredible Mo!!!
And we now face the gov trying to censor everything so we only have access to what big bro wants us too...all in the name of security for us...yea!
- 4 votes
Walk'n Dead,
Thank you. If it wasn't for google I would be "lost". There is so much information that I was never aware of and I continually seek to tie in everything I learn and know ... and I try to share it in a coherent way.
I am still trying to wade through "Family of Secrets" by Russ Baker which about the Bush dynasty. I am going to make that a priority in the coming month or so. Basically, we have had a Bush in the White House since 1980 .... and in numerous places of power prior to that.
I always felt that Reagan was just an actor playing the role of President and rarely knew much of what was going on during his 8 years in office.
There is speculation that Jeb Bush could be the GOP nominee this year since the GOP changed their rules in 2010 on their nomination requirements. The very last thing the US and the world needs is another GOP president, but especially a Bush.
We also need to rid ourselves of their cohorts posing as Democrats. We must play the "blame game" and point fingers at the corruption in our government. I see it as our duty as citizens and voters in the US.
- 3 votes
speaking of missing $$$.
Check out Alan Grayson..govt Contractors in Iraq:
http://www.youtube.com/watch?v=xKnaryieCCs
I like this guy.
He also mentions Cayman Isles.
- 3 votes
What I love is that President Obama is proposing that we cut the military budget 1.6% over 5 years and they're accusing him of "gutting the military"
- 4 votes
All that 1.6% will do is put us back at the Bush II era military, if that is gutting the military then we really have a problem, because that still makes us stronger than any other military on the planet.
- 4 votes
Here's our spending vs the rest of the world.
http://www.economist.com/blogs/dailychart/2011/06/military-spending
- 4 votes
You're in Easy Mode. If you prefer, you can use XHTML Mode instead. |



