Nbadan
02-16-2007, 02:15 PM
It's your retirement money...
Auditors: Billions Wasted in Iraq War
WASHINGTON — 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.
That problem could worsen, the Government Accountability Office said, given limited improvement so far by the Department of Defense even as the Bush administration prepares to boost the U.S. presence in Iraq.
Given "the need for continued support for deployed forces, it is essential for DOD to address these shortcomings if the department is to increase its return on its investment in Iraq," said David M. Walker, comptroller general of the GAO, Congress' auditing arm, in prepared testimony.
WRAL (http://www.wral.com/news/political/story/1204470)
Money never completely just disappears, it just changes hands. Who's to say that some of this money isn't helping to fund the insurgency itself? Humm...Remember the Dubya advisor who before he was even in office was preaching that what was needed was to reduce government to a level where it could be drowned in a bathtub.
The more money that they "lose" in Iraq puts government into debt to where all social programs must be abandoned, the sick, disabled, elderly, the young, unemployed, strong healthy people all will suffer. The rich people whom the GOP protects with tax benefits are the winners. They will laugh at the poor people whom they have chosen to abandon. It was the plan long before the administration began.
Auditors: Billions Wasted in Iraq War
WASHINGTON — 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.
That problem could worsen, the Government Accountability Office said, given limited improvement so far by the Department of Defense even as the Bush administration prepares to boost the U.S. presence in Iraq.
Given "the need for continued support for deployed forces, it is essential for DOD to address these shortcomings if the department is to increase its return on its investment in Iraq," said David M. Walker, comptroller general of the GAO, Congress' auditing arm, in prepared testimony.
WRAL (http://www.wral.com/news/political/story/1204470)
Money never completely just disappears, it just changes hands. Who's to say that some of this money isn't helping to fund the insurgency itself? Humm...Remember the Dubya advisor who before he was even in office was preaching that what was needed was to reduce government to a level where it could be drowned in a bathtub.
The more money that they "lose" in Iraq puts government into debt to where all social programs must be abandoned, the sick, disabled, elderly, the young, unemployed, strong healthy people all will suffer. The rich people whom the GOP protects with tax benefits are the winners. They will laugh at the poor people whom they have chosen to abandon. It was the plan long before the administration began.