Government misplaces $8.7 billion in Iraq

A U.S. Defense Department audit released about 10 days ago indicated that $8.7 billion dollars in Iraq reconstruction funds – 96 percent of the  $9.1 billion total – is unaccounted for.  This probably accounts for the fact that so little actual reconstruction has taken place.

Whatever the government’s priorities in the Bush-Cheney years, it sure wasn’t nation-building in Iraq.

I am shocked by the figure, but I am more shocked that so few people in Washington seem to care.  I would have thought that Congress would be demanding an investigation to find out who pocketed the money.  I would have been wrong.

Click on Defense Department can’t account for 96 percent of money administered in Iraq reconstruction fund for details.

Click on The failed reconstruction of Iraq for my earlier post on the same subject.

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2 Responses to “Government misplaces $8.7 billion in Iraq”

  1. onepillawayfromchaos Says:

    Surely someone has lost their job because of this! Unfortunately, this is not surprising to hear. I bet some people’s pockets got really full!


  2. Anne Tanner Says:

    I’m shocked, too. That makes two of us.


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