Pentagon Can’t find $8.7 Billion
By BobbiV
Ya gotta love the Pentagon and the military. The DOD has done one great job training these guys. Now they say they can’t account for eight point seven billion dollars of money that was earned from Iraqi oil sales. Seems to me I remember Paul Wolfowitz testifying before the House, or maybe it was the Senate, that the Iraqi oil revenues were going to pay for our expenditures in the war. Actually, he said these oil revenues would more than pay for the war, so no harm, no foul,,,right? We American citizens don’t have to worry though, because the DOD says the money was just lost due to simple accounting errors.
Noooo… fellas, simple accounting errors would be a hundred dollars or a thousand dollars,even a million dollars in extreme circumstances. But we are talking about eight point seven billion dollars. That is no accounting error or group of errors. It is also most definitely not simple.
From Laurence Lewis at Daily Kos; (emphasis mine)
Now, let’s do the math. $8,700,000,000 divided by $9,100,000,000. That comes to 0.9560. Or 95.6%. Missing. Of the Iraqi oil revenue entrusted to the Defense Department between 2004 and 2007. Which would be during the Bush-Cheney administration. Which would be mostly during the tenure of Donald Rumsfeld as Secretary of Defense.
$8,700,000,000.
95.6%.
Unaccounted for. Gone. Missing. Poof. Like magic.
You can read the rest here.
Coming closer to getting the point now, guys? It wasn’t just the American tax payers you ripped off this time. We want the money paid back sooner rather than latter and everyone up through Bush, Cheney and Rumsfeld should have to cough up their share. Out here in the reality based world that is just the way it is.
From The Los Angeles Times; (emphasis mine)
If more money is found to be missing, “Iraq will definitely try to get it back,” said Ali Musawi, a media advisor to Prime Minister Nouri Maliki.
Most of the money covered in the latest audit has been spent, but the study found $34.3 million that should legally have been returned to Iraq in 2007, when Iraq’s government assumed responsibility for its finances.
The Defense Department has not said what it intends to do with the money, which is “at risk” of being spent, the audit said.
In response to the audit findings, the Defense Department concurred with recommendations that it establish better guidelines for managing such funds. But a letter from U.S. Central Command emphasized that failure to establish deposit accounts for the $8.7 billion does not mean it all cannot be accounted for.
Read the rest of this article here.
Okay you guys, left…right…left…right…hup,hup,hup, get back in those little cubicles where you stick the bean counters and start accounting. And do not stop until you find at least eight point seven billion dollars!
Just to let you know how serious we are about this, take a look at what is going on in Bell, California. That is over a few million at most. Imagine when we come after you for billions. Wait, don’t imagine. Its too gruesome even for a cardboard cut out, love to wear the medals but haven’t had to do any fighting Pentagon asshat. It might mess with your sensibilities.
Get going, start accounting, right NOW!

Look how much we spend on you over inflated pieces of crap and this was in 2007. Find the money and stop the waste or we will send you where they don't spend very much at all on the military. To be clear that would be in the "Rest of the World" category on the pie chart. And yes, we will leave you there. Aw....don't cry.




