[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 $1 billion contract in Afghanistan that was deemed “incomplete.”
Related: Government Wastes More Money Than You Think
The auditor recommended that the State Department establish a centralized system to track, maintain and retain contract files.
The department responded and said it concurred with the recommendations to address the “vulnerability” in its contracting process.
Before Linick took office last fall, the State Department had been without an inspector general position for five years—the longest IG vacancy in the government’s history, as noted in The Washington Post.
Check obamas and harry reids bank accounts
Govt collects way to much tax money. So much they cant even keep track of it. Wouldn’t be surprised if there is serious embezzelement going on before collapse of US economy.
DoS Chief Financial Officer observed that ‘The Department operates in over 270 locations in 172 countries, while conducting business in 150 currencies and an even large number of languages … Despite these complexities, the Department pursues a commitment to financial integrity, transparency, and accountability that is the equal of any large multi-national corporation.
yes Obama because of what he is doing with it
BULL$#%&!@*
Obama just requested 3.7 billion to deal with illegal at the border. The money divided between DOJ, DHS, and HHS. How much of that money will go missing as well.
???? What ever happened to good leaders and honest employees??
All these crooked Dems probably got a good retirement set up. How could 6 Billion just disapear??? It didn’t, It was embezzeled from us tax payers and cushioned certain politicians! Do they think we are stupid?
Hmm… Past Six Years.. That was about the time that we had Change We Can Believe In.
Is anyone surprised yet!???!?!