Halliburton wins again!

The Army has decided to reimburse a Halliburton subsidiary for nearly all of its disputed costs on a $2.41 billion no-bid contract to deliver fuel and repair oil equipment in Iraq, even though the Pentagon's own auditors had identified more than $250 million in charges as potentially excessive or unjustified.

Related: March 1, 2006, FISCAL YEAR 2005 U.S. GOVERNMENT FINANCIAL STATEMENTS:

The GAO's summary
We continue to have concerns about the identification of misstatements in federal agencies’ prior year financial statements. Frequent restatements to correct errors can undermine public trust and confidence in both the entity and all responsible parties. The material internal control weaknesses discussed in this testimony serve to increase the risk that additional errors may occur and not be identified on a timely basis by agency management or their auditors, resulting in further restatements.

Also related: Stuart Bowen, special inspector general for Iraq reconstruction, told Political Gateway that $8.8 billion is unaccounted for due to inadequate oversight from Coalition Provisional Authority (CPA).

Also related: "According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted about the Pentagon on September 10, 2001. The war on terror has erased this fact from the collective memory. Note: This amounts to $8,000 for each man, woman and child in the United States.