Thursday :: Feb 15, 2007

GAO Identifies $10 Billion Of Questionable Spending In Iraq

by Steve

Why does the Bush Administration care more about cutting domestic spending than managing the billions it is throwing away in Baghdad?

The U.S. government is at risk of squandering significantly more money in an Iraq war and reconstruction effort that has already wasted or otherwise overcharged taxpayers billions of dollars, federal investigators said Thursday.
The three top auditors overseeing contract work in Iraq told a House committee of $10 billion in spending that was wasteful or poorly tracked. They pointed to numerous instances in which Defense and State department officials condoned or otherwise allowed poor accounting, repeated work delays, bloated expenses and payments for work shoddily or never done by U.S. contractors.

And who has benefited the most from the Bush Administration’s willful negligence in overseeing these contractors?

Of the $10 billion in overpriced contracts or undocumented costs, more than $2.7 billion were charged by Halliburton Co., the oil-field services firm once headed by Vice President Dick Cheney.

It looks like Shooter will have a happy landing back home after he leaves office. But isn't it about time that Henry Waxman dragged Donald Rumsfeld and Colin Powell before his committee to explain their negligence here?

Steve :: 11:10 AM :: Comments (3) :: Digg It!