AUDIT: SECRET SERVICE CANNOT ACCOUNT FOR $3.3 BILLION, COAST GUARD $497M

[truthisfreedom]

dunno if this is a dupe.

http://www.drudgereport.com/flash5.htm
AUDIT: SECRET SERVICE CANNOT ACCOUNT FOR $3.3 BILLION; COAST GUARD $497 MILLION
Thu Feb 26 2004 08:44:46 ET

More than $3 billion in Secret Service retirement benefits could not be adequately accounted for during a recent independent audit of the Homeland Security Department's books, CONGRESSIONAL QUARTERLY reports on Thursday.

The audit also showed the Coast Guard could not account for $497 million in "operating materials and supplies," according to a Feb. 13 memo from DHS Inspector General Clark Kent Ervin to Secretary Tom Ridge.

CQ's Justin Rood: "The memo is a summary of a report prepared by independent auditor KPMG on an audit of the agency's financial operations for the final seven months of fiscal 2003."

<snip>

The audit "confirms my concerns about weak financial management controls across ," Rep. Martin Olav Sabo, D-Minn., ranking member of the Homeland Security Appropriations Subcommittee, said in an e-mail.

[Bozola]

1. And, to think, here I am worrying about declaring

the $98 interest on an old bank account. Foolish me.

[Skittles]

2. so, what do you suppose Bush Inc is funding?

it cannot be good

[bif]

3. "Oh shit! I thought I put that $3.3 billion over there on the dresser."

"Honey, have you seen it?"

[MrPrax]

4. These stories are coming fast and furious

These guys are either 'looting' or grossly incompetent?

I mean one could excuse this if there were lots of 'porkbarrel' and folks were getting do-nothing jobs to tide them over?

Say repairing urban transit systems or highways or building schools

But...no...just billions disappearing down some corporate blackhole...

Shocking really...

[RUMMYisFROSTED]

14. Looting.

They're competent as hell.

[MrPrax]

17. I think looting...

Exclusive: Big Oil Companies Granted $66 Million by Homeland Security
(New York-WABC, February 23, 2004) — As New York City scrambles to cover security costs to protect against another terror attack, Eyewitness News has found millions in taxpayer dollars going to protect some of the nation's wealthiest companies.
(snip)
e it New York City's subway, its fire department or police -- they use every penny they can to prepare for a terrorist attack. But millions of dollars in security grants that New York sorely needs is helping protect one industry: big oil.

Jim Hoffer: "Citgo has received over $17 million, Conoco-Phillips $10 million, Shell $9-million."
Danielle Brian, Project on Government Oversight: "Wow, that's just extraordinary."
(snip)

The American Petroleum Institute declined our request for a on-camera interview. Most oil companies told us they don't comment on security issues.

We should note that the nuclear power industry, which has spent hundreds of millions of dollars on its own security, has not received any grants from Homeland Security.
(more)
http://abclocal.go.com/wabc/news/investigators/print_wabc_investigators_022304funds.html

[DS1]

5. Is anyone else thinking large booms from underneath VP's house?

Some project nobody would talk about, that was silenced pretty quick.

[Nanski]

6. It cost alot to produce and bury W MS

[stepnw1f]

7. I believe its intentionally

being done to sabotage the government as a whole. Remember that it is the neo-con belief in corporations being unfettered by government law. destroy the governments credibility and show the people a private alternative...

[tom2kpro]

9. It's all a plan to contract out the Secret Service's functions?

So is it all a plan to contract out the Secret Service's functions?

What next, Brown & Root (a subsidiary of Halliburton) having a contract to protect the Pres, VP, Presidential candidates, ex-Preses, and catch counterfeiters?

[Malva Zebrina]

11. Interesting thought

[RUMMYisFROSTED]

15. Big bank valut built into the Earth's crust?

:shrug:

[mobuto]

20. Its still going on

I saw several dozen men in coveralls hanging out by trucks marked "Company-X Tunnel Company" on Observatory Circle (where Cheney lives) this week. They're up to something. Cheney's probably trying to tunnel to China.

[underpants]

8. I'll bet Clinton has the money

Or at least that it will be blamed on him.

[no_arbusto]

16. It's probably under his penis

That would explain the GOP's obsession with it.

[saigon68]

18. Hiding under his penis

Outrageously funny

LOL

The pukes blame everything on old Willies Willy

[damnyankee2601]

10. It went to black ops.

Probably paying for Rove's version of G. Gordon Liddy and the plumbers.

[dbt]

21. Nice catch, damnyankee2601!

Black ops it is! See below.

:evilgrin:
dbt

[TacticalPeek]

12. The fibbies took it as a 'souvenir'.

FBI agents took Ground Zero souvenirs (NBC News)

[louis-t]

13. 'had been a problem emloyee for years'

Yeah, darned guy wouldn't let them Feh-bee guys get away with nothin'.
"Every time we tried to steal somethin', there he was. Whinin' and complainin' about ethics, morals and all that crap..."

[leesa]

19. Do you think the military-industrial complex is looting the treasury??

Duh, ya think?? The Pentagon loses trillions before 9-11 and no comment made. Halliburton, one of it's many corporate thugs, steals billions from the fed gov. Bechtel, all the military industries and security companies are looting and pillaging to their hearts content and foolish Americans are Rapturing over the con man Bush.

Americans are incredibly stupid people.

[dbt]

22. Wake Up And Watch The Chemtrails!

Those white jets (can you say Coast Guard? I knew you could) are up there laying down chemical trails that blossom into artificial clouds 24/7/365.

Look UP, dammit! The freaking jets are flying as many as 300 missions over your home every 24 hours--and you're still wondering where those missing millions have gone???

Time to buy a vowel, boys and girls...

:think:
dbt

Oh yeah, you "debunkers?" I'm going to move you ahead of bu$h in the line of people who need to kiss. my. shiny. metal. ass.

[saigon68]

24. The candy store is open

And all the neighborhood children are stealung

[papau]

23. adequately accounted for during a recent independent audit - GOP LIES

This is the same problem that Clinton ordered fixed - and which was mostly fixed before he left office.

There is no large amount of money missing - or if there is - the loss was not discovered in this audit.

The Gov has been trying to convert/match Treasury's accounting categories with the accounting categories used in the various departments - usually with success.

The Dept of Education 600 B mismatch was resolve during Clinton with a bow tied report 2 years into the Bush years.

The story says "adequately accounted" - not missing -

but Drudge has fun with headline writing!

:-)

Inventory is a mess across the gov - here there may well be some theft - we just do not know