Sarah Palin lost 3 Trillion dollars!

[Fireweed247]

***I'm really sorry I had to resort to this, but has anyone else noticed she gets all the attention meanwhile posts about the pentagon losing 3 trillion and Obama hiring the Raytheon lobbyist responsible gets largely ignored? WE have Republicans bitching about the stimulus, but the Pentagon has lost a third of our national debt and no one cares?***


Former Raytheon lobbyist, William Lynn, was appointed deputy defense secretary on Wednesday, February 11th after a contentious Senate confirmation hearing that led Republican Senator for Iowa, Charles Grassley, to forcefully object to the appointment on the basis of Mr. Lynn's "very questionable accounting practices that were obviously not in the public interest" while in the position of Pentagon Comptroller during the Clinton administration. The Senator's objection did not go far enough in exploring the "very questionable accounting practices" that Lynn engaged in during his tenure at the Defense Department from 1997 to 2001. The relevant question that should have been asked is "Where did the $3.4 Trillion go?"

In fiscal year 1999, the Department of Defense reported that it was missing $2.3 Trillion. In fiscal year 2000 the Department reported a missing $1.1 Trillion. Total: $3.4 Trillion "missing" taxpayer money. This happened under the watchful eye of the same William Lynn that now passes through the revolving door between the Department of Defense and the Defense industry.

Lynn was the Defense Department's chief financial officer and as such was responsible for all budgetary administration and reporting. He was also responsible for the publication of audited financial statements which he failed to do during his tenure and which have not been published since.

Lynn was nominated by Obama-Biden because "Lynn brings decades of experience and expertise in reforming government spending and making the tough choices necessary to ensure that American tax dollars are spent wisely."

http://www.nolanchart.com/article5991.html

[PDJane]

1. You haven't been reading my posts.

The pentagon is the biggest waste of money and the largest trough in the US. It's also the world's largest single polluter.

[The Brethren]

2. I believe strongly that where there are large

amounts of money and/or power involved there will always be, at the very least, a temptation for corruption and greed for either the money or power, or both.

Politicians and the general public should be asking very relevant questions such as where taxpayers' monies, esp. at tune of 3.4 trillion dollars have gone to. If the money is not accounted for and justified, and that information made public, then those parties involved are guilty of theft.

"He was also responsible for the publication of audited financial statements which he failed to do during his tenure and which have not been published since." Looks like Lynn has a lot of explaining to do as well as Obama for appointing him if Lynn doesn't produce (viewable to the public) those financial statements.



Stimulus Plan ("American Recovery and Reinvestment Act") full text: Orig. House version -- http://appropriations.house.gov/pdf/RecoveryBill01-15-09.pdf Senate version -- http://appropriations.senate.gov/News/2009_02_02_The_American_Recovery_and_Reinvestment_Act_of_2009.pdf Spreadsheet of Senate compromise -- http://appropriations.senate.gov/News/2009_02_08_UPDATED_Appropriations_Provisions_of_American_Recovery_and_Reinvestment_Act.pdf?CFID=4043629&CFTOKEN=40573040 Text of Senate compromise version of fiscal stimulus legislation -- http://readthestimulus.org/amdth1.pdf