"The inspector general for the Defense Department said yesterday that the Pentagon cannot account for almost $15 billion worth of goods and services ranging from trucks, bottled water and mattresses to rocket-propelled grenades and machine guns that were bought from contractors in the Iraq reconstruction effort.
The Pentagon did not have the proper documentation, including receipts, vouchers, signatures, invoices or other paperwork, for $7.8 billion that American and Iraqi contractors were paid for phones, folders, paint, blankets, Nissan trucks, laundry services and other items, according to a 69-page audit released to the House Committee on Oversight and Government Reform…
The Army disagreed with some of the auditors' findings, saying that it is difficult to maintain an adequate paper trail in a war zone and that it has improved its record-keeping and accountability efforts…
Waxman said the poorly documented expenditures of seized Iraqi assets included a $320 million cash payment for employing 1,000 people that was handed over to the Iraqi Finance Ministry with "little more than a signature in exchange."
"Investigators looked at 53 payment vouchers and couldn't find even one that adequately explained where the money went," Waxman said.
Some of this certainly is "poor bookkeeping" or the "fog of war." But one would be naive not to believe that there is an element of diversion going on... for what purpose?? More details of the testimony at the Washington Post. Discussion re the conspiracy theory aspect will not be found in the mainstream media, but is ongoing at various fringe sites on the web...
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