Wednesday, July 18, 2012

This News Just In: Iraq War Reconstruction: $6 billion to $8 billion wasted

        Good Day Humboldt County!

It seems like the numbers keep getting worse. Report after report, detailing the corruption in Iraq, is coming out.

The American taxpayer got screwed. I’m talking an epic rip-off. When are we going to hold investigations on all the dirty bastards who we know cheated?

What’s grim about these tales of waste, fraud and abuse of taxpayers monies, is that most of the culprits involved are still in business, and doing just fine…thank you. Moving on: 

The official in charge of monitoring America’s $51 billion effort to reconstruct Iraq has estimated that $6 billion to $8 billion of that amount was lost to waste, fraud and abuse.

Stuart Bowen, the special inspector general for Iraq reconstruction (SIGIR) for the past eight years, gave that estimate in an interview with the Center for Public Integrity on Monday, shortly after releasing a new summary of his office’s many grim discoveries since it began work in in 2004.


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In Friday’s report, Bowen said the exact funds lost to fraud and waste “can never be known,” largely because of poor record-keeping by the U.S. agencies involved in the effort. These include the Departments of State and Defense, along with the U.S. Agency for International Development.

According to the report, auditors repeatedly found that the State Department and Defense Department failed to properly review invoices from government contractors, often approving billions of dollars in services without checking if costs were accurate or efficient. “I think the consistent theme throughout our eight years of oversight work has been the inconsistent availability of records and information on contracts and costs,” said Bowen, a former Texas lawyer. (Source)

Time for me to walk on down the road…

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