DIDN’T HILLARY RUN THE STATE DEPARTMENT?

Oh big deal. The Federal government goes $6 billion further into debt every two days. As Hillary would say, “what difference does it make.” Multiply this level of incompetence and reckless disregard for YOUR tax dollars by 1,000 and you’ve got your Federal government. Then add in the total incompetence of your state and local governments and you have the biggest clusterfuck in human history. Happy Saturday.

$6 Billion Goes Missing at State Department

The Fiscal Times

April 4, 2014

The State Department has no idea what happened to $6 billion used to pay its contractors.

In a special “management alert” made public Thursday, the State Department’s Inspector General Steve Linick warned “significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.

The alert was just the latest example of the federal government’s continued struggle with oversight over its outside contractors.

Related: Government Blatantly Wastes $30 Billion This Year

The lack of oversight “exposes the department to significant financial risk,” the auditor said. “It creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the Department to take effective and timely action to protect its interests, and, in tum, those of taxpayers.”

In the memo, the IG detailed “repeated examples of poor contract file administration.” For instance, a recent investigation of the closeout process for contracts supporting the mission in Iraq, showed that auditors couldn’t find 33 of the 115 contract files totaling about $2.1 billion. Of the remaining 82 files, auditors said 48 contained insufficient documents required by federal law.

In another instance, the Bureau of International Narcotics and Law Enforcement issued a $1 billion contract in Afghanistan that was deemed “incomplete.”

Related: Government Wastes More Money Than You Think

The auditor recommended that the State Department establish a centralized system to track, maintain and retain contract files.

The department responded and said it concurred with the recommendations to address the “vulnerability” in its contracting process.

Before Linick took office last fall, the State Department had been without an inspector general position for five years—the longest IG vacancy in the government’s history, as noted in The Washington Post.

Top Reads from The Fiscal Times:

– See more at: http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department#sthash.nbKZS7DY.dpuf

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AWD

Good thing Grandma Yellen is printing $1.4 billion new greenbacks every day.

It’s not their money, why do they care about $8 billion? It’s in someone’s pocket.

If you rob a bank for $10,000, you go to prison for 6 years. If you work for the government and steal $8 billion, you’re promoted and your budget increased. They are criminals. How many times do I have to say it?

Fred Hayek
Fred Hayek

I seriously doubt that the $6 billion just . . . went missing. It went somewhere that they don’t want to admit where it went.

SSS

“the State Department’s Inspector General Steve Linick warned significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.”
—-from the article

The last six years is 2008-2013, inclusive. In 2008, George W. Bush was president. Ergo, the obvious answer to the missing money is “Bush did it.”

IndenturedServant

That was probably the cost of staging the Benghazi clusterfuck and associated weapons transfer to our new friends Al Qeada. Besides, what does it matter?

bb

How do you loose 6 billion dollars ?This type of theft is probably happening throughout government.What do we do?

IraK
IraK

I’ve been following TBP and the Administrator for years – masochist that I am. Always it’s been Chicken Little JQ and his me-tooers – you know who you are – braying and hand-wringing about the financial sky is falling and America going to hell. It was going to happen a decade ago, according to them, then a few years back, and now tomorrow or in the near future.

Between financial coups, dinner parties, mansion remodeling, and a succession of lemon tart wives, I’ll tell you what I’ve learned. The sky isn’t going to fall and it isn’t even going to rain on the good old US of A. That is, as long as we keep our military strong. We’ve got Europe under our heel, most American states well controlled, the mid-east beseiged, and other countries cowed or cornered. That includes Russia and China.

You jellyfish who quiver every time the Dow drops 100 points should read more history and worry less. When our economy was threatened, our foreign investments uncertain, or our world leadership challenged, great presidents like Lincoln, Wilson, and FDR knew what to do. We won every war and we’ll do so again. Total war and no terms but unconditional surrender. It’s been America’s path to success before and it will be again. Have more faith in NeoCon leadership and the New World Order.

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