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$6.6 billion in lost Iraq cash now accounted for, inspector says
Yahoo! news ^ | 10/27/2011 | Laura Rozen

Posted on 10/27/2011 11:18:43 AM PDT by americanophile

It's a rare day when positive news surfaces from the frontlines of Iraq's post-occupation government--or from its troubled economy. However, a U.S. Iraq inspector general report that concluded this week that $6.6 billion in shrink-wrapped cash the U.S. government previously feared had gone missing in the chaotic early days of the Iraq occupation has in fact been safely accounted for.

"The mystery of $6 billion that seemed to go missing in the early days of the Iraq war has been resolved, according to a new report," CNN national security producer Charles Keyes reported Wednesday. "New evidence shows most of that money, $6.6 billion, did not go astray in that chaotic period, but ended up where it was supposed to be, under the control of the Iraqi government, according to a report from the office of the Special Inspector General for Iraq Reconstruction or SIGIR."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Foreign Affairs; Government
KEYWORDS: 6billion; iraq; lost; money
Only this government could casually loose $6 billion in cash. I am so totally disgusted with our federal government that I don't even know how to react anymore. We are losing our country to corruption and gross mismanagement! We have to stop the river of money to D.C., that's the only way to curb the federal monster! Honestly, none of the candidates are radical enough for me anymore. We need serious fundamental reform on a scale that is hard to imagine in terms of achievability.
1 posted on 10/27/2011 11:18:46 AM PDT by americanophile
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To: americanophile

Gotta love creative accounting and reporting.

BJ Clinton had a magical mystery surplus that vanished after GW took office.

GW lost billions of dollars to Iraq, was bashed about it for years, and now the next Democrat’s administration FOUND it, all accounted for safe and sound!


2 posted on 10/27/2011 11:26:16 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: americanophile

If it has been accounted for, does that mean it has been used, or is still sitting, shrink wrapped, in some office in Baghdad? If it’s the latter, they obviously didn’t NEED it, so shouldn’t we demand that they give it back to us?


3 posted on 10/27/2011 11:26:48 AM PDT by SuziQ
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To: SuziQ

Considering they’re kicking our asses out of there, yes, we should take the money with us.


4 posted on 10/27/2011 11:33:37 AM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: americanophile

http://surveysez.com/joomla/index.php/us-population-growth.html

From Joseph Chamie, Research Director of Center for Migration Studies, as of 2006:
•The country’s population in 1776 was 2.5 million (2,527,450).
•The total number of births since 1776: 483.5 million (483,465,018)
•The total number of immigrants since 1776: 72.1 million (72,105,369).
•The total number of Americans deceased since 1776: 258.1 million (258,097,000).
•The total number of Americans who have ever lived: 558.1 million (558,097,837).
•About 54% of Americans who have ever lived were living in 2006 (2006 U.S. population of 300,000 divided by the number of Americans who have ever lived: 300,000/558,097,837 = 53.7%)

_______________________________________________________
300 million people - still governed by 535 members of Congress/Senate. That is why the existence of 50 States is so appropriate. The Federal Government should be responsible for those powers enumerated in the Constitution - no more - no less.

Eliminate all the Agencies that are the cause of our fiscal crises; Education, Energy, Environment, Wildlife, Homeland Security, Land (grab) Management, Drug and Health, et.al.

Only National Defense, Immigration, State Dept. and Interstate Highways should be under the Federal purview.

State Governors could mediate anything else at annual conventions.


5 posted on 10/27/2011 11:35:44 AM PDT by sodpoodle (Cain - touching the better angels of our nature.)
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To: americanophile
Disgusting.


6 posted on 10/27/2011 11:36:02 AM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: sodpoodle

The federal government is a monster. I don’t care if they shut down the whole damn thing and turn the lights off. Just leave the Pentagon functioning.


7 posted on 10/27/2011 11:38:38 AM PDT by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
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To: americanophile

That is 66 million 100 dollar bills (the largest denomination printed). Can you imaging the physical bulk of that much cash? Think truckload, shipping container full.

I don’t know that a half million dollars in 20’s would fit in a carry-on bag. I used to work where we kept it on pallets and moved it with a forklift, and the most we ever had on hand about 50 million.


8 posted on 10/27/2011 11:42:22 AM PDT by SargeK
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To: americanophile

Yep....honest....we found it....by the way....here’s my retirement papers...forward my last check to my private island.


9 posted on 10/27/2011 11:56:54 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: americanophile

Well, how about that?

The remarkable thing is not that it disappeared, but that it “returned” just as Bambi is dumping Iraq.

Think about it.


10 posted on 10/27/2011 12:07:57 PM PDT by livius
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To: americanophile

“New evidence shows most of that money, $6.6 billion, did not go astray in that chaotic period, but ended up where it was supposed to be, under the control of the Iraqi government..”

A distinction without a difference.


11 posted on 10/27/2011 12:12:26 PM PDT by Pessimist
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To: SuziQ

“If it has been accounted for, does that mean it has been used, or is still sitting, shrink wrapped, in some office in Baghdad? If it’s the latter, they obviously didn’t NEED it, so shouldn’t we demand that they give it back to us?”

And it should be paid directly to the US taxpayers and only to people who actually pay taxes.


12 posted on 10/27/2011 12:31:12 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: SargeK
We shipped over 363 tons of cash to Iraq.

http://www.guardian.co.uk/world/2007/feb/08/usa.iraq1

13 posted on 10/27/2011 12:55:04 PM PDT by Sarajevo (Is it true that cannibals don't eat clowns because they taste funny?)
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To: Sarajevo

Not to be nit-picky but that article says TONNES, as in metric.

That’s just over 400 tons (English unit = 2,000 lbs.).

But your point is well taken - that is a LOT of salad.

Thanks!


14 posted on 10/27/2011 1:33:04 PM PDT by SargeK
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