[paragraph_left][block] Left Side Content [/block][block] Right Side Content [/block][/paragraph_left]The State Dept. states that it doesn’t know what happened to $6 billion over the past 6 years – claiming there just wasn’t enough oversight.
So they just forgot to make sure that someone was watching billions of dollars and now there’s no way to trace what happened.
Right!
he 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.
Same place as lost emails
Sort of like the FOMC explaining where the billions of money missing has gone that has been loaned to foreign countries at record low interest rates, and the foreign countries are not required to repay a dime of it…
Why aren’t people going to jail? Hillary?
And we are the ones paying for this type of $#%&!@* …really?! Wth smh I dont think im going to pay my $#%&!@*in taxes at the end of the yea seriously $#%&!@* if these idiots dont know whare its at then i dont know ware my money is at smfh!! -___-t xs 1….?
It’s buried in Hillary’s back yard!
Yea sure
Check Hillary’ s desk
Hillary, doesn’t have it, because she’s as broke as a $2 hooker.
The Clintons Swiss bank accounts???
I know what happen greedy people coming up. That’s a state job for you.