Remember That Time When Clinton's State Department 'Misplaced' $6 Billion

Posted: Oct 03, 2016 3:30 PM

Hillary Clinton is one of the biggest opponents of big business, especially of The Trump Organization.  In 1996, Donald Trump found himself being challenged the same way most American risk takers are challenged when he overextended his business.  The Taj Mahal, the Trump Shuttle airline, and the purchase of a megayacht eventually led to the company being $1 billion in debt.  In a situation where most businessmen give up and lose their drive, Trump doubled down and nearly tripled his net worth over the next 10 years, which was the motivation for his 1997 book The Art of the Comeback.

Clinton laughs at this type of entrepreneurial hardship and says that such risks are anti-American.  She applauds herself for never taking risks in business.  She knows she cannot be held accountable for any personal failures because there are none.  Her failures are instead the American people's failures.  

So why isn't she held accountable for losing $6 billion of U.S. taxpayer dollars in the State Department from 2008 to 2014?

According to a report by the Inspector General, Clinton simply lost the $6 billion through "improper filings."

The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report.

The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the report.

The alert, originally sent on March 20 and just released this week, warns that the missing contracting funds “could expose the department to substantial financial losses.”

The report centered on State Department contracts worth “more than $6 billion in which contract files were incomplete or could not be located at all,” according to the alert.

“The failure to maintain contract files adequately creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” the alert states.

The situation “creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file,” the report concluded.

A further audit of the department’s Bureau of African Affairs found that administrators “were unable to provide complete contract administration files for any of the eight contracts that were reviewed.”  Those contracts were worth $34.8 million.

When The Trump Organization loses money, Donald Trump is the one who suffers.  When Clinton's State Department loses money, it is the American taxpayer who suffers.  There is a difference.