• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

State Dept. loses $6 billion

hypocritexposer

Well-known member
The State Department has no idea what happened to $6 billion used to pay its contractors.

In a special “management alert” made public Thursday, the State Department’s Inspector General Steve Linick warned “significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.

The alert was just the latest example of the federal government’s continued struggle with oversight over its outside contractors.


- See more at: http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department#sthash.lUEZGpxi.dpuf
 

Tam

Well-known member
Care to guess whether or not Hillary will answer for the missing billions in 2016 when she will be traveling the country campaigning? If her campaign coffers suddenly get a large surge in donations from the outside Contractors can we guess to where the 6 billion went?

BTW did you hear her on the TV today, she was setting the media up already. She was claiming there is a Double Standard when it comes to women politicians and the Media is to blame. SO you can bet if anyone voices any disagreement over her policies it will be because she is a woman, it will have nothing to do with her corrupt policies just like it was not Obama's policies it was because Obama was Black. :x
 
A

Anonymous

Guest
So whats new :???: ... Ever since GW starting pouring money into that sandbox there has been money missing...That was one of the key complaints about the war- the military operation (Defense Dept) was well planned-where the peace keeping and rebuilding (State Dept) had no plan in place-- so every Mullah in Iraq became a millionaire with squandered funds...
More of GW's legacy... :roll: :(

Audit: U.S. lost track of $9 billion in Iraq funds

Pentagon, Bremer dispute inspector general's report

Monday, January 31, 2005 Posted: 0412 GMT (1212 HKT)

WASHINGTON (CNN) -- Nearly $9 billion of money spent on Iraqi reconstruction is unaccounted for because of inefficiencies and bad management, according to a watchdog report published Sunday.

An inspector general's report said the U.S.-led administration that ran Iraq until June 2004 is unable to account for the funds.

"Severe inefficiencies and poor management" by the Coalition Provisional Authority has left auditors with no guarantee the money was properly used," the report said.

"The CPA did not establish or implement sufficient managerial, financial and contractual controls to ensure that [Development Fund for Iraq] funds were used in a transparent manner," said Stuart W. Bowen Jr., director of the Office of the Special Inspector General for Iraq Reconstruction.

The $8.8 billion was reported to have been spent on salaries, operating and capital expenditures, and reconstruction projects between October 2003 and June 2004, Bowen's report concluded
.



Millions of dollars missing in Iraq: US begins investigation

Published at 2005-07-30

WASHINGTON, July 29: A special auditor tracking billions of dollars spent by the United States to rebuild Iraq said on Thursday he has found millions of dollars worth of fraud by US officials and companies. Stuart Bowen, special inspector general for Iraq reconstruction, said the Justice Department had launched a criminal investigation into the fraud.

Giving details of his latest report, which is to be released on Saturday, Bowen told National Public Radio (NPR) that US-backed reconstruction projects in Iraq are speeding ahead.

“The reconstruction for Iraq is peaking, 1,000 projects are completed and 1,000 more are ongoing,” he said while highlighting the need to monitor the 23 billion dollars that the United States has allocated for new infrastructure and security. His previous reports have already highlighted huge sums of missing money.

Mr Bowen said his latest report looked at four water projects where “the results are all over the map”. He also told how seven million dollars intended for works such as a police station and a library in the troubled Hilla region south of Baghdad had disappeared. The money came from the Development Fund for Iraq, receipts from oil sales that the US-run former Coalition Provisional Authority used for development projects.

“There was no accountability, no records,” Bowen said. “Unfortunately there were possible fraudulent activities occurring.” Mr Bowen said US officials and contractors were involved but would not identify them because of the criminal investigation.

The so-called “rapid response construction dollars” were intended for projects that were hurriedly started in the months before the United States handed over sovereignty to an Iraqi government in June last year. Mr Bowen said that in Hilla, “We found out that not only were the projects not completed but the money that was allocated for these projects was missing.”

The special auditor said that when the contractors were asked “they didn’t have much to say as the lack of records spoke volumes.” The United States has promised 23 billion dollars of the 60 billion dollars that the World Bank has said will be needed to build functioning infrastructure in Iraq.

“Our mission in Iraq is to make a significant step towards rebuilding the country, but it is not the rebuilding of Iraq — it had been left in such a state of decay. We have made a good strong step towards bringing oil, water and electricity online,” he said. When asked if US taxpayers were getting value for money, Bowen said security had cost more than expected and the project priorities have changed three times.

“I don’t think anyone could have anticipated the level of insurgency and the diversity of its sources. The number one drag on this entire project has been the security problem.”—AFP
 
A

Anonymous

Guest
Larrry said:
Oldtimer excuse kissing obamas azs said:
they all do it

Not making an excuse for anyone... Just a reminder for the cult followers of how the Republican administration of GW squandered our tax money in an unnecessary invasion of a sovereign nation...
But apparently that was plumb OK because those folks were (R's) doing the raping and pillaging of our treasury...

Another reason I follow no cult...
 

hopalong

Well-known member
Another reason I follow no cult...
\
\
Yea right!!!!! ummmmm hummmm!!!!!~ sure!!!!!!

told any truths today oldtimer or still the same old lies :wink: :wink: :wink: :wink:
 

Larrry

Well-known member
Oldtimer said:
Larrry said:
Oldtimer excuse kissing obamas azs said:
they all do it

Not making an excuse for anyone... Just a reminder for the cult followers of how the Republican administration of GW squandered our tax money in an unnecessary invasion of a sovereign nation...
But apparently that was plumb OK because those folks were (R's) doing the raping and pillaging of our treasury...

Another reason I follow no cult...

You are the biggest cult folloower on here, you are in locksteep with the leftwingernut obama regime.
That is the thing about leftwingernut cult followers, they are under the spell and they have no clue
obama_sheep.jpg
 
Top