[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.
What???
Here is your answer. This is how much money the Treasury has printed from 10 August 1861 to the close of 28 February 2014. Roughly 95 percent of all the money took place with the start of the elected administration of Lyndon Johnson in 1965. “Just print more money”. that’s been the mantra ever since.’
And the lies continue
obama knows where it went it went to hilaries campaign fund for keeping silent about benghazi.
I would have to come to the conclusion of “CRIMINALS DO AS CRIMINALS DO or just CRIMINALS IN ACTION.
ITS CALL THEFT,GRAFT,FRAUD,LIARS HELL PICK ONE,BUNCH OF CROOKS
my how the administration sets a great example for the american people—what a laugh
To pay for the Obama’s vacations.
Bull $#%&!@*
Check under the tables