TV News LIES

Monday, May 01st

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.-led fight on ISIS has killed 352 civilians: Pentagon

US led fight on ISIS has killed 352 civiliansAt least 352 civilians have been killed in U.S.-led strikes against Islamic State targets in Iraq...

U.S. uses 'mother of all bombs' for first time in Afghanistan

Mother of all bombs dropped in AfghanistanThe United States dropped a massive GBU-43 bomb, the largest non-nuclear bomb it has ever used...

Afghanistan: 36 Islamic State fighters killed by large blast

MOAB blast killed 36The attack on a tunnel complex in remote eastern Afghanistan with the largest non-nuclear weapon ever...

US coalition mistakenly kills 18 allied Syrian rebels

Friendly fire kills 18 Syrian alliesAt least 18 members of the American-backed Syrian Democratic Forces (SDF) were killed in a US-led...
 
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!