Pentagon can't account for $8.7 billion

Discussion in 'Free Speech Alley' started by fanatic, Aug 2, 2010.

  1. fanatic

    fanatic Evil Morty Lives...

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    How the eff do you lose 8.7 billion dollars. I 'get' that - when dealing with this much money, you may not be able to account for every penny, but we're talking about 95% $9.1B that has been looted or plundered. Must be nice to have access to that kind of money and know that there's no oversight or accountability.

    I wonder who's pockets this money really went to! Terrorists? Corrupt officials? All of the above? Pathetic :dis:

    LINK
     
  2. Richdog

    Richdog 02 Cecilia alumni champs

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    i'm gonna guess it went to corrupt officials
     
  3. shane0911

    shane0911 Helping lost idiots find their village

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    From your article link:


    The $9.1 billion in question came from the Development Fund for Iraq, which was set up by the U.N. Security Council in 2003. The DFI includes revenues from Iraq's oil and gas exports, as well as frozen Iraqi assets and surplus funds from the defunct, Saddam Hussein-era U.N. oil-for-food program.


    Not an expert in the field but that is where I would start
     
  4. Bandit88

    Bandit88 Old Enough to Know Better

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    I would standby for the rest of the story on this one.
     
  5. LSUsupaFan

    LSUsupaFan Freshman

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    The DOD has a long history of not being able to account for anything. They are famous for plugging variances to balance their balance sheet, for understating expenses, and their budgeting practices are terrible. There is no control environment there, and until there is a decent understanding of internal control stuff like this will always happen.
     
  6. watson1880

    watson1880 Founding Member

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    Let's see, I think I can straighten this accounting snafu out, how to find $8.7 billion.

    39 cases of nuts and bolts
    12 toilet seat covers
    82 Coffee pots
    27 Spark plugs

    Carry the one... and that is about $8.7 billion.
     
    2 people like this.
  7. SabanFan

    SabanFan The voice of reason

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    Whatever happened, I'm sure it's Bush's fault.
     
  8. LaSalleAve

    LaSalleAve when in doubt, mumble

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  9. SabanFan

    SabanFan The voice of reason

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  10. CarolinaTiger61

    CarolinaTiger61 Recently Repatriated

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    Racist! RACIST!
     

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