posted 05-05-2004 11:15 PM            

We are already 110 billion in the hole from the Iraq war.

http://www.costofwar.com/

and

1 TRILLION (Not a misprint.) is MISSING from the Pentagon budget.

http://www.chemtrailcentral.com/ubb/Forum6/HTML/001150.html

Since you were speaking of robbery.

posted 05-08-2004 01:18 AM            

Private military companies in Iraq: profiting from colonialism
By James Conachy
3 May 2004

AND

http://www.wsws.org/articles/2004/may2004/pmcs-m03.shtml

SECTION FROM:

Coalition of the Mercenaries
Occupiers Spend Millions on Private Army of Security Men
By Robert Fisk & Severin Carrell
The Independent (UK)
March 29, 2004

Casualties among the mercenaries are not included in the
regular body count put out by the occupation
authorities, which may account for the persistent
suspicion among Iraqis that the US is underestimating
its figures of military dead and wounded. Some British
experts claim that private policing is now the UK's
biggest export to Iraq--a growth fueled by the surge in
bomb attacks on coalition forces, aid agencies and UN
buildings since the official end of the war in May last
year.

Many companies operate from villas in middle-class areas
of Baghdad with no name on the door. Some security men
claim they can earn more than lbs80,000 a year; but
short-term, high-risk mercenary work can bring much
higher rewards. Security personnel working a seven-day
contract in cities like Fallujah, can make $1,000 a day.

posted 05-09-2004 07:32 PM            

Rabbi Zakheim has left the Pentagon. Thank God.

After more than 20 years of presiding over more than $3 trillion worth of military fraud, Pentagon Comptroller Dov Zakheim has left the building. He will join Booz Allen Hamilton through the traditional revolving door for government-corporate insiders.

A former Deputy Undersecretary of Defense from 1985-1987 and Pentagon Comptroller since 2001, Zakheim was responsible for mismanaging more than $400 billion annually, as Pentagon discredited audits have persisted year after year.

The Department of Defense has never received a clean financial audit.

As recently as the December 18, 2003 audit by GAO (General Accounting Office), the Pentagon's 'War on Iraq Scam' and other Information Technology (IT) Fraud yielded $1.6 billion in "losses," money "missing" and otherwise unaccounted for.

In an article from "Government Executive" magazine ("Bye Bye Budgeteer," May 2004) Zakheim admitted, "...we are in the business of fighting wars.

We are not in the business of balancing books."

Zakheim, an ordained rabbi, is leaving Pentagon finances in shambles with more than 5,000 different financial systems supposedly in place. That means 5,000 open-ended opportunities for fraud.

If his position was Chief Financial Officer of a major corporation, Zakheim would be charged with criminal conspiracy, negligence and thousands of counts of fraud. As it is, he is joining the so-called private sector.

After all, privatizing government fraud through the control of accounting and IT systems in federal agencies is the most lucrative scam in America.

The US, after all, is One Nation Under Fraud.