Wednesday, February 07, 2007

A few things for Wednesday Morning

I'm having trouble switching this site over to "new blogger" so there may be a few interruptions on the blog.

In the meantime:

Over at This Space Reserved) I posted about the testimony and interviews where the Coalition Provisional Authority couldn't account for $9 BILLION...(Yep, that's a "B" and not an "M") of our tax dollars. This morning I found out I was wrong.

The "money shot" was this comment:
This is from a recorded interview with David Oliver, the former Director of Management and Budget of the agency(The Coalition Provisional Authority)when he was asked by the BBC about what happened to the money.

"I have no idea, I can't tell you whether or not the money went to the right things or didn't - nor do I actually think it is important," Oliver says on the tape . "Billions of dollars of their money disappeared, yes I understand, I'm saying what difference does it make?"
If you want to see just how reckless the handling of our money was, take a look at this from Reuters (via CNN)this morning:
The Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis, lawmakers said Tuesday.
The money, which had been held by the United States, came from Iraqi oil exports, surplus dollars from the U.N.-run oil-for-food program and frozen assets belonging to the ousted Saddam Hussein regime.

Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve, said Rep. Henry Waxman, chairman of the House Committee on Oversight and Government Reform.

"Who in their right mind would send 363 tons of cash into a war zone? But that's exactly what our government did," the California Democrat said during a hearing reviewing possible waste, fraud and abuse of funds in Iraq.(Editor note: possible answer shown in picture on right)
363 tons? Wait a minute, let me get out my calculator here.....
let's see that's 363 times 2,000 pounds per ton that equals 726,000 pounds of CASH!
and then, a semi-trailer (18 wheeler) can legally haul 40,000 pounds (Net weight) on the highway, so that means that it would have taken 18.15 SEMI TRAILERS OF CASH????
That's one helluva a convey folks.......
The magnitude of this is breath-taking....absolutely breath-taking....

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