Tuesday, July 27, 2010

Your tax money at work

We like to know where our tax money ends up and who benefits, but rarely do we get satisfaction.
When government money is spent overseas, there are procedures to follow that help track the funds.
In Iraq, reconstruction funds of more than $9B were doled out and the government cannot account for $8.7B of it.
The required tracking accounts were never set up by the vast majority of organizations disbursing the money, so no one officially knows where the money went.

I knew I should have set up that reconstruction company in Iraq.

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