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Obama's Defense Department appointees – The $3.4 Trillion Dollar Question
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Candidate
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| Contributor | kal |
| Last Edited | kal Feb 13, 2009 07:12pm |
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| Category | General |
| News Date | Saturday, February 14, 2009 01:00:00 AM UTC0:0 |
| Description | Former Raytheon lobbyist, William Lynn, was appointed deputy defense secretary on Wednesday, February 11th 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."
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