TV News LIES

Monday, Aug 21st

Last update05:20:13 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. court tosses murder conviction of ex-Blackwater guard

Nicholas Slatten conviction overturnedA federal appeals court on Friday threw out the murder conviction of an ex-Blackwater security guard...

US-trained Iraqi army unit 'linked to Mosul war crimes'

Mosul war crimesA US-trained Iraqi army division allegedly executed dozens of men in the final phase of the...

Insult to injury: how Trump's 'global gag' will hit women traumatized by war

Women victims of war endangered by Gag RuleIf the first victim of war is the truth, the second is often female. And the...

At least 15 Afghan police officers killed in friendly fire airstrike

At leat 15 Afghan police dead in friendly fire air attackMore than a dozen Afghanistan police officers were killed during an airstrike in the Helmand province...
 
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!