IRAQ RECONSTRUCTION REPORTS SHOWS GOVERNMENT INCOMPETENCE: $8 BILLION NOT ACCOUNTED FOR DUE TO NON-COMPLIANCE WITH ACCOUNTING RULES-NOBODY COMPLIED!

Is it really necessary to say that government bureaucrats are incompetent, and there are just thousands and thousands of them. This fact is proven every day all over the country and all over the world.

The latest report shows just one tiny multi-billion unaccounted for entry for reconstruction expenses in Iraq. there are countless examples all over. I noticed a local major road that was just rebuilt in my area that was resurfaced last year, and this year it was torn up, (the new road that was just resurfaced last year) was torn up and a sign was put up stating that this is a project using the "stimulus" funds...HAPPY DAYS, needless money spent on a project that was not needed, while adjoining roads are full of potholes.

From: Federal News Radio

The Defense Department is unable to account for $8.7 billion of the $9.1 billion in Development Fund for Iraq monies in received for reconstruction in Iraq. This according to a study published today by the Special Inspector General for Iraq Reconstruction.

"This situation occurred because most DoD organizations receiving DFI (Development Fund for Iraq) 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 report states.

The Special Inspector General for Iraq Reconstruction (SIGIR) finds that only one Defense organization actually set up the accounts required by the Treasury.

"The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss," SIGIR says.

The study recommends that the Secretary of Defense create new accounting and reporting procedures to avoid such mistakes in the future. It also recommends designating an executive agent to oversee progress, establishing measurable milestones, and determining whether any DoD organizations are still holding DFI funds.

So, let me see; nobody was in charge of watching these billions while they were dispensed? Were the checks just written to "CASH" and cashed at the local QUICK MART for cash? It is hard to believe that there was no oversight of all these BILLIONS!

That picture of the water well, probably represents what was described as a $1 billion water reclamation project that nobody ever checked out!!!!

For more reports and publications from the Special Inspector General for Iraq Reconstruction, see http://www.sigir.mil/publications/index.html

I have not seen this story run on ANY national media....I guess just nobody cares????