$8 billion spent, no records kept Inspector general's report raises alarms about funds inside Defen, page 1

$8 billion spent, no records kept Inspector general's report raises alarms about funds inside Defense Department

www.wnd.com

The U.S. Department of Defense got more than $9 billion from the sale of Iraqi oil and other revenue streams to be used for reconstruction inside the war-damaged nation and spent it but now cannot document where $8.7 billion of those funds went, according to an inspector general's report published online.

I know this is from WND but this story is backed up by the online IG report itself.

www.sigir.mil...=fit

Weaknesses in DoD’s financial and management controls left it unable to properly account for $8.7 billion of the $9.1 billion in DFI funds it received for reconstruction activities in Iraq. This situation occurred because most DoD organizations receiving DFI funds did not establish the required Department of the Treasury accounts and no DoD organization was designated as the executive agent for managing the use of DFI funds. The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss.

Although a smaller amount, it is strangely reminiscent of the missing DoD $2.3 trillion reported the day before 9/11 .

In a nutshell, Donald Rumsfeld (then Secretary of Defense) announces that the Pentagon (whose ?accounting? offices were destroyed the next day) could not account for $2.3 TRILLION - purportedly 25% of their budget although if you add up the Congressional appropriated defense budget from 1996 to 2001, you only come up with $1.6 trillion. That in itself is an investigative story... But... what about what they admitted to??