Pentagon can't account for billions in Iraq

From The Los Angeles Times:

The Defense Department is unable to properly account for $8.7 billion out of $9.1 billion in Iraqi oil revenue entrusted to it between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping during the war.

Of that amount, the military failed to provide any records at all for $2.6 billion in purported reconstruction expenditure, says the report by the Special Inspector General for Iraq Reconstruction, which is responsible for monitoring U.S. spending in Iraq. The rest of the money was not properly deposited in special accounts as required under Treasury Department rules, making it difficult to trace how it was spent.

The U.S. Department of Defense: We lose more money before 9 a.m. than most people can visualize.

Since the unaccounted-for money was unaccounted for from 2004 to 2007 I suggest we start looking for it at Dick Cheney's house.