Fiscal Responsibility? The DoD Loses Track of 8.7 Billion Dollars
This post first appeared on Booman Tribune. When you hear the Republicans talk about fiscal responsibility, you should really just laugh in their faces. Consider this:
A US federal watchdog has criticised the US military for failing to account properly for billions of dollars it received to help rebuild Iraq. The Special Inspector General for Iraq Reconstruction says the US Department of Defence is unable to account properly for 96% of the [$9.1 billion allocated for Iraqi reconstruction]. Out of just over $9bn (£5.8bn), $8.7bn is unaccounted for, the inspector says. [...] The funds in question were administered by the US Department of Defence between 2004 and 2007, and were earmarked for reconstruction projects. But, the report says, a lack of proper accounting makes it impossible to say exactly what happened to most of the money.When liberals say that Republicans use the federal treasury for looting, this is what we mean. Maybe you object to spending tax money on hunger or health care for kids. Maybe you don't want blacks and latinos to get a helping hand from the federal government. But how do you feel about the Department of Defense losing track of 8.7 billion dollars? We gave them over nine billion dollars to rebuild Iraq and they can't even tell us where they spent five percent of the money. That is looting. That is a total lack of accountability that enables people to walk off with pallets of U.S. dollars without anyone asking questions. The Republicans are not fiscally responsible. They use the government to enrich themselves by cutting high-end marginal tax rates, estate taxes, dividends and captital gains taxes, and by stealing from the rest of us. It's just that simple.