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$8.8 billion in taxpayer money is unaccounted for (edit: not all taxpayer dollars...)
http://www.foxnews.com/story/0,2933,129489,00.html
Quote:
WASHINGTON — A soon-to-be-released audit will show that at least $8.8 billion in Iraqi money that was given to Iraqi ministries by the former U.S.-led authority there cannot be accounted for, FOX News has confirmed.
And three senators want to know where the cash is.
The draft audit by the Coalition Provisional Authority's (search) inspector general chastises the CPA — formerly led by L. Paul Bremer — for "not providing adequate stewardship" of at least $8.8 billion from the Development Fund for Iraq. The audit is not expected to be released for at least two or three more weeks, possibly longer.
The audit was first reported on a Web site earlier this month by journalist and retired Col. David Hackworth. A U.S. official first confirmed to Reuters the contents of the leaked audit cited by Hackworth were accurate.
The development fund consists of proceeds from Iraqi oil sales, frozen assets from foreign governments and surplus from the U.N. Oil-for-Food (search) program. Its handling has already come under fire in a U.N.-mandated audit released last month, which found no evidence of spending fraud by the CPA but said there wasn't enough oversight to ensure money was used for its intended purposes....
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Mind boggling, ain't it? Perhaps Bush is right; the government can't be trusted with our money, especially when they can't find it. 
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Last edited by Scipio; 08-24-2004 at 02:07 PM..
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