UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who has covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

February 16, 2009

OBAMA APPOINTEE WAS PENTAGON CFO WHEN $3.4 TRILLION WENT MISSING

Andrew Hughes, Global Research - Former Raytheon lobbyist, William Lynn, was appointed deputy defense secretary after a contentious Senate confirmation hearing that led Republican Senator for Iowa, Charles Grassley, to forcefully object to the appointment on the basis of Mr. Lynn's "very questionable accounting practices that were obviously not in the public interest" while in the position of Pentagon Comptroller during the Clinton administration. The Senator's objection did not go far enough in exploring the "very questionable accounting practices" that Lynn engaged in during his tenure at the Defense Department from 1997 to 2001. The relevant question that should have been asked is "Where did the $3.4 Trillion go?"

In fiscal year 1999, the Department of Defense reported that it was missing $2.3 trillion. In fiscal year 2000 the Department reported a missing $1.1 trillion. Total: $3.4 trillion "missing" taxpayer money. This happened under the watchful eye of the same William Lynn that now passes through the revolving door between the Department of Defense and the Defense industry.

Lynn was the Defense Department's chief financial officer and as such was responsible for all budgetary administration and reporting. He was also responsible for the publication of audited financial statements which he failed to do during his tenure and which have not been published since.

Lynn was nominated by Obama-Biden because "Lynn brings decades of experience and expertise in reforming government spending and making the tough choices necessary to ensure that American tax dollars are spent wisely."

2 Comments:

Anonymous Anonymous said...

Careful Sam, those astute Obama-ites will be accusing you of not giving the new prez a fair chance even though anyone with one eye and half sense can see he's a trojan horse for eight more years of the same old shit.

February 17, 2009 9:25 AM  
Anonymous Anonymous said...

Very interesting that Donald Rumsfeld announced the missing $2.3 Trillion on Sept 10th, 2001. Guess the news media were a little preoccupied the next day to followup...

February 17, 2009 8:39 PM  

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