Billions $ Lost In Iraq

The numbers are beyond staggering. First, we learn that the Iraq War is costing $2,000,000,000 each and every day.

Now we learn in a Guardian Unlimited report that the U.S. government flew planes loads of cash to Iraq and now it can't account for $12,000,000,000. That's right. The U.S. government lost 12 BILION U.S. taxpayer dollars in Iraq.

The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.

The photo is of an armed guard beside pallets of $100 bills in Baghdad.

Iraq is quickly becoming one of America's most expensive and ill managed ventures ever.