Its funny and sad to watch many of the same economic conservatives justify throwing money at Iraq. Iraq has become a money pit.
Congress was told at least $10 billion of $57 billion for Iraq reconstruction contracts has been squandered by contractors or has disappeared without explanation. Federal auditors caution the figure is likely to go higher. The Associated Press reported the figure is nearly triple the amount of waste reported by the Government Accountability Office last fall....Imagine what a few pallets of shrink wrapped cash distributed to American schools would do for the educational system--particularly if there were no consequential oversight. Would any economic conservative in their right mind OK that? Well, maybe, if Haliburton or Kellog, Brown and Root contracted out the teachers and administrators.
This rip-off brings to mind Paul Bremer's riposte to querulous congressmen about the fate of $12 billion in cash disbursed by his Coalition Provisional Authority. There are no perfect solutions in a war zone, Bremer said. He and his minions let 363 tons of money in shrink-wrapped blocks of $400,000 skitter through their fingers with barely a fare-thee-well.
1 comment:
This is not a war, it's an economic venture and the return thus far is completely nauseating. If we used all the money that has been thrown over there, then yes, I agree that our own infrastructure would benefit enormously.
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