Defense Department can’t account for $15 billion in tax payer money.

We’re spending trillions on the wars in Iraq and Afghanistan so you’d think the least the government could do is tell us how that many is being spent. Alas it appears they largely haven’t a clue:

The lack of accountability of the funds, intended for purchases of weapons, vehicles, construction equipment and security services, amounted to a 95 percent failure rate in basic accounting standards, according to the report.

“We estimated that the army made 1.4 billion dollars in commercial payments that lacked the minimum documentation for a valid payment, such as properly prepared receiving reports, invoices, and certified vouchers,” Deputy Inspector General Mary Ugone told a Congressional committee Thursday.

“We also estimated that the army made an additional 6.3 billion dollars of commercial payments that met the 27 criteria for payments but did not comply with other statutory and regulatory requirements.”

The Pentagon also was found to have given away another 1.8 billion in Iraqi assets “with absolutely no accountability,” said Congressman Henry Waxman, chairman of the House Committee on Oversight and Government Reform.

“Investigators examined 53 payment vouchers and couldn’t find even one that adequately explained where the money went.”

Another five billion dollars spent on supporting the Iraqi security forces could not be properly traced, according to a November 2007 inspector general report.

“Taken together, the inspector general found that the Defense Department did not properly account for almost 15 billion dollars,” Waxman said.

Someone is making a lot of money off those wars and it ain’t you and me. Our children’s children will probably be paying this fiasco off.