Remember... we're borrowing almost $1 trillion per year from China to pay for this. They hold deeds to our parks and highways should we default. Our social security money will pay for this.
In an earlier report released in November 2007, the Inspector General had concluded that the Defense Department couldn't properly account for over $5 billion in taxpayer funds spent in support of the Iraq Security Forces. It said that thousands of weapons, including assault rifles, machine guns, and rocket-propelled grenade launchers were unaccounted for, and millions of dollars had been squandered on construction projects that did not exist.
Ugones testimony gave detailed examples of the bizarre manner in which US defense officials doled out huge amounts of money without recording where it was going. In one case a sum of $320 million was paid an Iraqi official for paying salaries with only an incompletely filled voucher signed by one official. Since no details of the spending plan were attached as required by Pentagon rules the auditors have no clue as to where the money went. This payment was made from assets seized from Iraq.
Auditors found that the Pentagon gave away $1.8 billion from seized Iraqi assets. There were 53 vouchers noting these payments but not even one adequately explained where the money went.
In another instance, two vouchers, one for $5 million and the other for $2.7 million showed payments to a vendor for goods and services provided except that there were no details of what goods or services were actually delivered.
Over $2.7 billion was spent on providing equipment and services to the Iraqi Security Forces (ISF). The auditors found that $2 billion of this was not properly accounted for. For example, 31 heavy tracked recovery vehicles costing $10.2 million were given to the ISF, but 18 of them could not be traced because identification numbers were not recorded.
