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You are here News War Too much money spent in Iraq for too few results

Too much money spent in Iraq for too few results

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Iraq spendingTen years and $60 billion in American taxpayer funds later, Iraq is still so unstable and broken that even its leaders question whether U.S. efforts to rebuild the war-torn nation were worth the cost.

In his final report to Congress, Special Inspector General for Iraq Reconstruction Stuart Bowen's conclusion was all too clear: Since the invasion a decade ago this month, the U.S. has spent too much money in Iraq for too few results.

The reconstruction effort "grew to a size much larger than was ever anticipated," Bowen told The Associated Press in a preview of his last audit of U.S. funds spent in Iraq, to be released Wednesday. "Not enough was accomplished for the size of the funds expended."

In interviews with Bowen, Prime Minister Nouri al-Maliki said the U.S. funding "could have brought great change in Iraq" but fell short too often. "There was misspending of money," said al-Maliki, a Shiite Muslim whose sect makes up about 60 percent of Iraq's population.

TVNL Comment:  Nonsense.  Private contractors met with Bush's neocons before the invasion and were awarded multi billion dollar contracts.  Think: Cheney's Halliburton. That was what the war was all about.  War profits are never 'too much, and this time around were not included in the US budget.

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