BAGHDAD – The U.S. Defense Department is unable to properly account for over 95 percent of $9.1 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit released Tuesday.
The audit found that shoddy record keeping by the Defense Department left the Pentagon unable to fully account for $8.7 billion it withdrew between 2004 and 2007 from a special fund set up by the U.N. Security Council. Of that amount, Pentagon "could not provide documentation to substantiate how it spent $2.6 billion."
Answer by gertie41 at 11:36 AM on Jul. 27, 2010
Answer by justnancyb at 11:11 AM on Jul. 27, 2010
Answer by itsmesteph11 at 11:37 AM on Jul. 27, 2010
Answer by Youngwifey2 at 11:38 AM on Jul. 27, 2010
Answer by Izsarejman at 11:15 AM on Jul. 27, 2010
The funds are separate from the $53 billion allocated by Congress for rebuilding Iraq.....In addition, it said no Defense Department organization was designated as the main body to oversee how the funds were accounted for or spent. "The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss," the report said....
The cut and paste job you did implied that the "Bush's fault" still continues. If you had the time to read the article, you find your posting is a great edit job. I think Bush did a much better job than our current pres. The biggest difference is that Bush had the money of George Soros against him and PBO has it working for him. Bush didn't use Alinsky tactics while the entire PBO machine does.
The audit did not indicate that investigators believed there were any instances of fraud involved in the spending of these funds.
Answer by jesse123456 at 11:20 AM on Jul. 27, 2010
Answer by tnmomofive at 11:40 AM on Jul. 27, 2010
Answer by Anonymous at 11:49 AM on Jul. 27, 2010
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Answer by momof030404 at 11:10 AM on Jul. 27, 2010