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Pentagon can't account for ANOTHER $15b [View All]

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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-23-08 08:30 AM
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Pentagon can't account for ANOTHER $15b
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'Poorly Tracked' the understatement of the Millennium - so far.
Just another example proving that Government doesn't work - when Republicans are in control of it.

Well that's another $15 Billion on top of the $9 Billion they lost under Bremmer....

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Spending On Iraq Poorly Tracked
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/22/AR2008052203751_pf.html

Audit Faults Accounting for $15 Billion in Work

Failed to get receipts for everything from bottled water to pickup trucks.

The inspector general for the Defense Department said yesterday that the Pentagon cannot account for almost $15 billion worth of goods and services ranging from trucks, bottled water and mattresses to rocket-propelled grenades and machine guns that were bought from contractors in the Iraq reconstruction effort.

The Pentagon did not have the proper documentation, including receipts, vouchers, signatures, invoices or other paperwork, for $7.8 billion that American and Iraqi contractors were paid for phones, folders, paint, blankets, Nissan trucks, laundry services and other items, according to a 69-page audit released to the House Committee on Oversight and Government Reform.

An earlier audit by the inspector general found deficiencies in accounting for $5.2 billion of U.S. payments to buy weapons, trucks, generators and other equipment for Iraq's security forces. In addition, the Defense Department spent $1.8 billion of seized Iraqi assets with "absolutely no accountability," according to Rep. Henry A. Waxman (D-Calif.), who chairs the oversight committee. The Pentagon also kept poor records on $135 million that it paid to its partners in the multinational military force in Iraq, auditors said.

The Army disagreed with some of the auditors' findings, saying that it is difficult to maintain an adequate paper trail in a war zone and that it has improved its record-keeping and accountability efforts. Robert L. Wilkie, assistant secretary of defense for legislative affairs, declined an invitation to testify before from Waxman's committee.
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