Social Security to start cashing Uncle Sam's IOUs

[classicman]

Originally Posted by BigV

For the record, that was six billion of Iraq's dollars--not "our" money we were giving to them.

But ... we are apparently responsible for it. If the money is not accounted for,
we apparently will have to pay them with "our money."

under a 2004 legal agreement, Washington is responsible for the missing funds.

Iraq's chief auditor and president of the Iraqi Board of Supreme Audit has warned Washington that Baghdad will sue if necessary to recoup the money.

Bowen said the U.S. needs Iraq's assistance to obtain the bank data regarding the disbursal of the funds so that his office can close the books on jurisdiction over DFI by the end of the summer since it's been years since the U.S. has had control over it.

"We're going to account for it as best we can," he said.

Read more: