July 27, 2010

POWER WATCH: PENTAGON "LOST" UP TO 8.7 BILLION DOLLARS SOMEWHERE IN IRAQ FROM 2004 TO 2007 (IF YOU FIND IT, PLEASE RETURN IT TO ITS ORIGINAL OWNERS, THE IRAQI PEOPLE)

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 report by the U.S. Special Investigator for Iraq Reconstruction offers a compelling look at continued laxness in how such funds are being spent in a country where people complain basic services like electricity and clean water are sharply lacking seven years after the U.S.-led invasion that toppled Saddam Hussein.

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."
What I love the most here? It's not even the giant amount of money that just went poof! Have you noticed it, too? Look closely. Read thoroughly.

Did you find it?

It is the fact the the UN had a special fund for the reconstruction of Iraq, in other words, it was Iraq's oil revenues that had been put in that account, paying into something that the American military broke (and you know what General Powell once said, right? You break it, you buy it) to get basic necessities up and running again...

... and who exactly was getting that money? The people who broke the country!

Yes, boys and girls, that is exactly what Dick Cheney meant when he said that the Iraq War was going to pay for itself. Well, somebody got paid. Somebody. Somewhere.

The Pentagon could tap, let me point that out again, the American military were allowed to tap into the funds that they souldn't have had the right to tap into, and apparently doing so without any oversight.

You know, like an accountant. You folks do know what an accountant is for, right? They gave unsupervised billions to the Pentagon? Hello?

And you know what the best thing is?

Nobody in America will care. Nobody here will care, either. Just as money went without oversight into banks. Just as money is going into slush funds. Just as money is going...

... anywhere but your pocket.