With billions having been tossed into Iraq without any accountability at all, is it surprising in any way that the GOP's complete financial incompetence has left the nation in tatters?
Yesterday, the Special Inspector General for Iraq Reconstruction (SIGIR) released its findings on how the money was spent from a special Iraq reconstruction fund set up by the Department of Defense (DOD) between 2003-2007. The account used Iraqi oil money to fund the reconstruction of Iraq. SIGIR concluded that 96 percent of the $9.1 billion the reconstruction program cannot be accounted for by the DOD:
A US federal watchdog has criticised the US military for failing to account properly for billions of dollars it received to help rebuild Iraq. The Special Inspector General for Iraq Reconstruction says the US Department of Defence is unable to account properly for 96% of the money. Out of just over $9bn (£5.8bn), $8.7bn is unaccounted for, the inspector says. [...]
The funds in question were administered by the US Department of Defence between 2004 and 2007, and were earmarked for reconstruction projects. But, the report says, a lack of proper accounting makes it impossible to say exactly what happened to most of the money.
Now we need to look at what we can do to fix some of this, right? First, let us define some of the problems: