U.S. loses $12 million of Iraq’s money

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I am not sure what the current administration is good at.  They have failed at securing our nation’s borders, improving social programs and adopting a foreign policy that is seen as a success.  Now, to top it off, the Bush administration has lost $12 billion dollars of Iraq’s money and can not account where that money went.  In a Capital Hearing held earlier this paul_bremer.jpgweek,  Rep.  Henry Waxman (D) said to Paul Bremer, former Administrator of the Coalition Provisional Authority, stated that the U.S. government does not know what happen with the money.  And Paul Bremer who was in charge of properly seeing that the $12 million dollars was spent correctly could provide to evidence that the money was use or where the money went.   

This is not the only mistake Paul Bremer made.  Actually, I would not call this a mistake.  It is my conclusion that in the above case and the case that I am about to tell you was done intentionally. 

To keep track of all this money “The United States gave the contract not to an accounting firm but to a tiny consulting company, Northstar — which NBC News found is headquartered at a private home near San Diego.  “They violated the rules. They picked a contractor who didn’t meet their requirements,” says Paul Light, a government contracting expert and professor at New York University.

Northstar’s president says the Pentagon knew Northstar was not a certified public accounting firm and that four experienced employees went to Iraq and did a good job. However, one audit notes that a single Northstar employee maintained spreadsheets tracking billions of dollars.

Now there you go!  What are your thoughts?  What more?  Here is Paul Bremer on Capital Hill trying to get out of the way of hard questions.  It’s amazing when you hear a question being asked by Sentors followed by Paul Bremer going on for five minutes without answering the question!

Pratap ChatterJee and Amy Goodman discuss Bremer

 

Video clip of Capital Hearing on Northstar

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