Friday, February 16, 2007
WASHINGTON - About $10 billion has been squandered by the U.S. government on Iraq reconstruction aid because of contractor overcharges and unsupported expenses, and federal investigators warned Thursday that significantly more taxpayer money is at risk.
The three top auditors overseeing work in Iraq told a House committee their review of $57 billion in Iraq contracts found that Defense and State department officials condoned or allowed repeated work delays, bloated expenses and payments for shoddy work or work never done.
More than one in six dollars charged by U.S. contractors were questionable or unsupported, nearly triple the amount of waste the Government Accountability Office estimated last fall.
We have to cut funding for the VA, can't afford a whole slew of social programs because the federal budget is so tight and disciplined. Isn't that what Tom Delay was saying a few years back? Hogwash. This is big welfare program for the President and Vice President's friends. This money is surely to be recycled into donations to the RNC and to Swift Boat efforts come 2008.
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