Posted on 11/17/2014 4:21:15 AM PST by afraidfortherepublic
My friend’s succinct reaction to the amazing headline was, “How do you lose $6.6 billion?” How indeed!
Despite a full decade of audits and investigations, Pentagon officials still cannot say what happened to $6.6 billion in cash that was intended for the Development Fund for Iraq.
Apparently, it just “disappeared.” Was it just misplaced in an accounting error, or was it “stolen”? Who knows? Apparently, the Pentagon has no idea. Ah, the perils of the fog of war that covers up all sorts of foul play.
It’s little wonder the money disappeared. After the invasion of Iraq in 2003, the Bush administration flooded the country with cash for reconstruction and other projects. It was a cash delivery that made the post-World War II Marshall Plan pale by comparison.
Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12 billion haul that U.S. officials believe to be the biggest international cash airlift of all time. The handling of the cash was haphazard at best, and totally lacking in financial controls.
According to official reports, the cash was carried by tractor-trailer trucks from the Federal Reserve currency repository in East Rutherford, New Jersey, to Andrews Air Force Base in Maryland, then flown to Baghdad. U.S. officials there stored the stash of cash in a basement vault at one of Hussein’s former palaces, and at U.S. military bases, and eventually distributed the money to Iraqi ministries and contractors.
(Excerpt) Read more at spectator.org ...
I didn’t do it; nobody saw me do it; you can’t prove a thing!
BACKSTORY When Billy, the Boy From Hope, burst upon the political scene as a presidential candidate....he duped the voters and coached his Arkansas Mafia friends to say, “Money doesn’t mean anything to Bill Clinton"........
Now we hear Billy got a hundred million dollars while his wife controlled the State Dept checkbook......monies that were meant for Haiti (the place where the Clintons spent their honeymoon). Plus hundreds of millions flowing into their tax-exempt foundations which the Clintons morphed into eleven separate fund-raising machines.
BETTER ADD THIS IN, TOO News reports say the State Department announced it has "no idea" what happened to $6 billion used to pay its contractors..... a special “management alert” warned “significant financial risk and a lack of internal control at State has led to billions of unaccounted dollars over the last six years....under Hillary's watch.
The State Dept funneled it off to fund ISIS.
When the count of small physical objects doesn’t come out right, the phrase “loss through inventory” is used. When money in the middle east is involved, the word “baksheesh” is used. That is, the best case scenario is that we used the money to pay off certain people under the table. The worse case scenario would involve U.S. personnel lining their own pockets.
We could have built a carrier, or two, with that kind of money. Glad we didn’t need it...
They didn’t “lose it ‘ they TOOK IT.
Sorry, the article is about events under Bush. Clintons were not in power at the time.
BTW, unless you have evidence I haven’t seen, the Clintons’ wealth is well under a billion dollars. Fairly close to Romney’s roughly quarter billion.
Cash is fungible. This is 6600 million dollars or 6600 instant millionaires. Think about that for a second while trying to make ends meet each month. Then consider it is tax free money.
I care where it went, it is a crime beyond description.
In our era of digital currency, you can be assured that more money will just disappear. A few misplaced zeros on a computer screen can make someone very wealthy and with a few deletions, makes those mistakes vanish.
There is a pretty good chance most of this money was spent as intended. Lack of records of how it was spent does not necessarily equate to theft.
I got a good view of this when I worked in MS after Katrina. Government types flooded the area, handing out money. Evening news every night was always about how the paperwork and red tape was preventing people from getting the cash they needed to move ahead.
Of course, a year later the same media types produced “exposes” of how much of the money that was handed out went to people or groups who were not eligible.
There is a fairly obvious tradeoff here.
The more carefully you implement procedures to ensure money is spent properly, the slower it will be handed out and the more misuse of funds there will be. I saw this myself, as the companies I worked for struggled to jump through all the government hoops to get paid.
OTOH, the more rapidly you release funds to address immediate emergency needs, the more of it will be misused. T
I wouldn’t be surprised if this process accounts for much of the “vanished” money.
Very simple; Start jailing people. Start where the money originated and where it was supposed to go. SOMEBODY had that money in his custody at SOME point.
Exactly. No one loses that much money. It was taken.
I suspect there is a lot of redirection of funds given to this or that. Like the global warming fund. Uh, yeah. Right. Liberals probably dip into that windfall for all sorts of things. And accounting is like the fox guarding the hen house. Mr. Fox has no idea who killed those chickens.
The money went to ISIS for slaves, rapes, and beheadings
courtesy of Obola, EXEMPT McCain and the EXEMPT
treasonous Congress.
CLINTON, INC book review
Daniel Halper provides a meticulously researched account of the calculations, secret deals, and backstabbing that led to the Clintons’ return to political prominence, and to Hillary’s position as 2016 frontrunner.
The Bill and Hillary Clinton who left the White House in January 2001 almost seem like two different people from the ones the country now reveres. Back then they were a disgraced couple, weighed down by a decade of scandal, controversial pardons of financial supporters, and the pedestrian pilfering of furniture from the White House.
A dozen years later, as they prepare for a second White House run, the Clintons are in a completely different orbit. Not only have they gone from virtually penniless to multi-millionaires, they are arguably the two most popular politicians in America-respected and feared by Republicans and Democrats alike. Even their daughter Chelsea, raised in the White House as her father was impeached, is considering a go at politics. The Clintons will be around for some time to come.
Investigative reporter Daniel Halper of the conservative Weekly Standard uses a wealth of research and detailed interviews with friends, allies, and enemies of the Clintons to reveal the strategy they used and the deals they made to turn around their political fortunes-deals with their political allies, their political enemies, and even each other.
SOURCE http://clintonincbook.com/
=====================================================
Clintons raised $2-3 billion in two decades
The Hill ^ | July 2, 2014 | Alexandra Jaffe / FR Posted by Cincinatus' Wife
Bill and Hillary Clinton raised $2-3 billion in the two decades they’ve been prominent on the national stage, according to the WSJ.
The Journal tallied the Clintons’ speaking fees, fundraising for their foundation and the sums raised for Bill Clinton’s two presidential campaigns for the DNC while he was in office and for Hillary Clinton’s Senate and presidential campaigns.
Between $1.3-2 billion came from U.S. companies and industry sources, making up at least 75 percent of the sum — more than the 60 percent industry sources contributed to the two Bushes’ political operations.
The Journal reports that if Hillary Clinton runs for president in 2016, as expected, she could return such donors to the Democratic Party, a source of concern for Republican fundraisers as they gear up for what’s expected to be the most expensive presidential election in history.
Overall, the Clintons’ political operations raised $1.2 billion, their nonprofit drew between $750 million and $1.7 billion and they made about $100 million in speaking fees. --SNIP--
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The figures are what THE CLINTONS ALLOW us to know. DOES NOT include (1) amounts secreted in numbered offshore bank accounts,(2) investment holdings, (3) safe deposit boxes holding coins, gold, valuables, etc, (4) other holdings in real estate, businesses, (5) rental, interest accrued, investment income, etc .....
The two leeches didn't have a pot to *** in back in Arkansas---didn't even own a home. But they are experts at gaming the "public service" system for themselves. The Clintons conniving has enriched them. They are now worth hundreds of millions of dollars.....and counting.
How did they make the money? In several ways.
(1) Bill's calculated moves w/ his presidential pen and official policies profited numerous cronies and entities.....who are now being hit up for donations to the three Clinton tax-exempt "foundations which they evolved into some 14 fund-raising mechanisms.....and to enrich Hillary.
(2) Bill's pardon pen was useful in pardoning diverse voting blocs which got Hillary elected to the US Senate as a prelude to her presidential ambitions.
(3) The Clintons game the system 24/7....
===============================================
Here's a peek at how the "dead broke " Clintons got their geedy hands on billions of dollars......b/c .being president and Secretary of State has an astoundingly good monetary return.
Hundreds of millions flow into the Clintons three tax-exempt foundations which the Clintons calculatedly morphed into hundreds of separate fund-raising machines.
The Clintons' recently formed "The Bill, Hillary & Chelsea Clinton Family Foundation" gives them even more fund- raising capabilities......w/ a friendly "family" aura.
Earlier, a NYT's expose chronicled the shady financing of the tax-exempt money machine----The Clinton Global Initiative foundation.
CLINTON GLOBAL INITIATIVE web site
you can peruse 276 web pages of obscure programs
all of them vehicles to raise money
all of them expecting payback w/ Hillary in the WH.
1271 Avenue of the Americas 42nd Floor
New York, NY 10020
212-348-8882
WEB SITE http://www.clintonfoundation.org/clinton-global-initiative
================================================
To whom are the Clinton beholden for their vast wealth....accumulated in a short time after they exited the WH, in Hillary's words, "dead broke"?
BACKSTORY When Billy, the Boy From Hope, burst upon the political scene as a presidential candidate....he duped the voters and coached his Arkansas Mafia friends to say, “Money doesn’t mean anything to Bill Clinton"........
Now we hear he got a hundred million dollars while his wife controlled the State Dept checkbook......monies that were meant for Haiti (the place where the Clintons spent their honeymoon). Plus hundreds of millions flowing into their tax-exempt foundations which the Clintons morphed into eleven separate fund-raising machines.
BETTER ADD THIS IN, TOO News reports say the State Department announced it has "no idea" what happened to $6 billion used to pay its contractors..... a special “management alert” warned “significant financial risk and a lack of internal control at State has led to billions of unaccounted dollars over the last six years....under Hillary's watch.
Becoming president has a pretty good monetary return. That poor boy from Hope, Ark, made over $200,000,000.00 (that we know of) as a “public servant.”
The money is in a Swiss bank account.
Sorry, dude, but I’m fairly sure the billions of dollars they “raised” mostly went back into various campaign funds and was spent.
They don’t have anything like that amount of money accumulated.
“A billionaire” is someone with a net worth of at least a billion, not someone who has raised and spent, or for that matter earned, that amount of money over 15 years.
Though for some odd reason “millionaire” appears to have changed its meaning to someone who earns over a million a year.
I suggest you get immediate treatment for that anal problem of yours.....and get off this site. The essence of conservatism is adding up the facts then absorbing the conclusion.
It’s easy…
Socialism Is Legal Plunder - Bastiat
UNaccountable bureaucrats are socialists.
BIG GOVERNMENT IS CRONY SOCIALISM
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