Title: Quiz: Which of these three people made seven billion dollars on 911? Source:
americanjourney.blogspot URL Source:http://americanjourney.blogspot.com/2008/02/que-bono.html Published:Jun 3, 2008 Author:que-bono Post Date:2008-06-03 17:33:26 by Itisa1mosttoolate Keywords:None Views:319 Comments:6
Quiz: Which of these three people made seven billion dollars on 911?
And let us not forget the three TRILLION which vanished from the Pentagon.
DOD Can't Find $1.1 TRILLION - Rumsfeld Inherits Financial Disaster
By Kelly Patricia O'Meara
komeara@InsightMag.com
InsightMag.com
8-15-1
The Defense Department cannot account for $1.1 trillion that seems to have vanished within the tangled system of financial accounting put in place by private contractors.
Every year trillions of dollars are unaccounted for by federal agencies, and every year these same agencies are called before congressional oversight committees to explain this mismanagement of taxpayers' funds.
Year after year the bureaucratic mea culpas are longer on process and shorter on substance, leaving overseers with little or no information that is useful to correct the gross mismanagement. Take, for instance, the financial mess at the Department of Defense (DOD).
In May, DOD Deputy Inspector General Robert Lieberman reported to Congress that "the extensive DOD efforts to compile and audit the FY [fiscal year] 2000 financial statements for the department as a whole and for the 10 subsidiary reporting entities like the Army, Navy and Air Force General Funds, could not overcome the impediments caused by poor systems and unreliable documentation of transactions and assets."
Without ever using the word "money," a practice common among inspectors general (IGs), the deputy IG at the Pentagon read an eight-page summary of DOD fiduciary failures. He admitted that $4.4 trillion in adjustments to the Pentagon's books had to be cooked to compile the required financial statements and that $1.1 trillion of that amount could not be supported by reliable information. In other words, at the end of the last full year on Bill Clinton's watch, more than $1 trillion was simply gone and no one can be sure of when, where or to whom the money went.