TV News LIES

Friday, Apr 25th

Last update02:30:11 AM GMT

You are here News War Auditors say billions likely wasted in Iraq work

Auditors say billions likely wasted in Iraq work

E-mail Print PDF

Iraq war wasted billionsAfter years of following the paper trail of $51 billion in U.S. taxpayer dollars provided to rebuild a broken Iraq, the U.S. government can say with certainty that too much was wasted. But it can't say how much.

In what it called its final audit report, the Office of the Special Inspector General for Iraq Reconstruction Funds on Friday spelled out a range of accounting weaknesses that put "billions of American taxpayer dollars at risk of waste and misappropriation" in the largest reconstruction project of its kind in U.S. history.

"The precise amount lost to fraud and waste can never be known," the report said.

The auditors found huge problems accounting for the huge sums, but one small example of failure stood out: A contractor got away with charging $80 for a pipe fitting that its competitor was selling for $1.41. Why? The company's billing documents were reviewed sloppily by U.S. contracting officers or were not reviewed at all.

With dry understatement, the inspector general said that while he couldn't pinpoint the amount wasted, it "could be substantial."

More...


Most Recent Related Stories...


U.S. drone strike kills New Zealander, Australian in Yemen

US drone kills New Zealander and AustralianNew Zealand and Australia were drawn into the global debate on drone strikes Wednesday after confirming...

After 12 years of war, labor abuses rampant on US bases in Afghanistan

abuses at US bases in AfghanistanA year and a half after President Barack Obama issued an executive order outlawing human trafficking...

Karzai insists US troops can leave Afghanistan by year's end

KarzaiThe outgoing president of Afghanistan, Hamid Karzai, has told the United States in his final address...

NATO airstrike that kills Afghan soldiers deals fresh blow to ties

Afgan soldiers hit by drone strikeA NATO airstrike on Thursday morning killed at least five Afghan soldiers and injured at least...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!