US ‘fails to account’ for Iraq reconstruction billions

– That’s your tax dollars, folks.   The ones they are grinding you for.   Those are the dollars, that because we won’t have them after wasting them like this, that may cause Social Security to fail.

– Yep, you should get angry – very angry – that they will grind you for every dollar and then waste billions like this.

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A US federal watchdog has criticised the US military for failing to account properly for billions of dollars it received to help rebuild Iraq.

The Special Inspector General for Iraq Reconstruction says the US Department of Defence is unable to account properly for 96% of the money.

Out of just over $9bn (£5.8bn), $8.7bn is unaccounted for, the inspector says.

The US military said the funds were not necessarily missing, but that spending records might have been archived.

In a response attached to the report, it said attempting to account for the money might require “significant archival retrieval efforts”.

– More…

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