Posted on 04/04/2014 5:02:30 PM PDT by mandaladon
The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report.
The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the report.
The alert, originally sent on March 20 and just released this week, warns that the missing contracting funds “could expose the department to substantial financial losses.”
The report centered on State Department contracts worth “more than $6 billion in which contract files were incomplete or could not be located at all,” according to the alert.
“The failure to maintain contract files adequately creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” the alert states.
The situation “creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file,” the report concluded.
The State Department’s inability to properly file its paperwork is causing most of the losses, according to the report.
The IG “found repeated examples of poor contract file administration” over the years, the report said.
Contracts related to the U.S. war in Iraq, for instance, could not be produced in 33 out of 115 instances, according to the report.
(Excerpt) Read more at freebeacon.com ...
FY 2012 Budget Request March 10, 2011The second part of our request funds the extraordinary, temporary portion of our war effort the same way the Pentagon’s request is funded: in a separate Overseas Contingency Operations account known as OCO. Instead of covering war expenses through supplemental appropriations, we are now taking a more transparent approach that fully reflects the integrated civilian-military efforts. Our share of the President’s $126 billion request for exceptional wartime costs is $8.7 billion. So all told, we have a $47 billion operational account and an $8.7 billion Overseas Contingency Operations account.
(snip)
But let me just quickly walk you through this, because on this issue of our $8.7 billion Overseas Contingency Operations, we have the strongest support from Secretary Gates, from Admiral Mullen. And next week – I was speaking with General Petraeus last night. He will be here on the Hill strongly supporting the civilian effort that goes hand-in-hand with what he is doing so heroically in Afghanistan. So we are funding vital civilian missions in Afghanistan, Pakistan, and Iraq with this $8.7 billion.
But she chould only find $200k to hire a schlock British security firm, who hired the Alqaeda linked February 17th Martyrs Brigade, to protect Ambassador Stevens.
I don’t think all those overseas trips were strictly business.
You may have a point. ;-)
She put it in cattle futures. The opening salvo of her first primary debate is to announce that she’s going to pay off the deficit with the proceeds.
They were probabaly all business but had nothing to do with her job.
Well, her ass IS pretty wide...
And the funny part is that it’s all in pennies.
$6B might add up to a lot of money.
Consider it a campaign contribution. And if she loses, she can keep whatever is left.
I’m sure this will be the lead story on the evening news.......right?
How much of it went to that massage parlor in Arkansa???
It seems the whole of government is broken. Sigh
This deserves frequent repeating.
And nobody will be held accountable. As usual.
Not just tyrants .. but thieves as well ..!!!
When is the era of the Clintons going to be over .. it’s getting really tiresome.
So .. now our Secy of State is accused of the death of four (4) citizens, as well as the disappearance of $6 BILLION DOLLARS.
Anybody who supports Hillary has rocks for brains.
..and we all have front row seats...not good.
I agree. We should hammer at all her negatives just as the media keeps doing re Republicans: Hillary;s meltdown; Benghazi fiasco; the missing $6 billion; her lies; her being a weak character and no match for Putin. How can she even deal with Putin when she whimpered about Lazio “invading her space” during a debate?
See if she bought Cattle Futures lately.
She gives knew meaning to the words “fanny pack.”
but .. the liberal women don’t care about that stuff .. they just see one of their own making it to the big time .. and when she’s there, she will be able to put in place all the garbage the liberals have been dreaming about for hundreds of years.
Hopefully, we’re smart enough to NOT ALLOW THAT!!!
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