Uncle Sam: $60 000 000 000 Down an Iraqi Toilet

Posted on Thursday, 1st September 2011 @ 01:59 AM by Text Size A | A | A

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WASHINGTON — An independent U.S. panel investigating wartime spending
estimates that as much as $60 billion has been lost to waste and fraud
over the past decade in Iraq and Afghanistan.

In its final report to Congress, the Commission on Wartime
Contracting said the figure could grow larger as U.S. support for
reconstruction projects and programs wanes and Iraq and Afghanistan are
unable to sustain the schools, medical clinics, roads and power plants
already built with American tax dollars.

The Associated Press obtained a copy of the commission’s report in advance of its scheduled Wednesday public release.

The commission says that in Afghanistan, the insurgency’s second
largest funding source after the illegal drug trade is the diversion of
money from U.S.-backed construction projects and transportation
contracts.

Congress established the commission in 2008.

Read more on Newsmax.com:  Up to $60 Billion in US War Funds Reportedly WastedImportant: Do You Support Pres. Obama’s Re-Election? Vote Here Now!

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