Money wasted in Iraq

Millions of US dollars in rebuilding funds have been wasted in Iraq, US auditors say in a report which warns corruption has settled in this country. Millions of Dollars used on buildings, trailers, etc. and none are used.



Looks like even the poor and little countries can become corrupt with a boatload of money. If some 80% was spent... where did the rest go?

Maybe it went into buying weapons for their militia from Iran?

What do you people think?

Related AboveTopSecret.com Discussion Threads:
(pending) "Iran Is Arming Iraqi Militias"- U.S. General

[edit on 31-1-2007 by The_unraveller]

[edit on 31-1-2007 by The_unraveller]

I wonder if the money they are talking about includes the millions in cash that went awol and all the weapons and other misappropriated funds from a couple of years ago or is this something completely new? They are also asking now for millions in Afghanistan as well.

Freedom sure does have a hefty cost...its a shame they aren't the ones paying for it and a lot of it is going towards lining their own pockets.



Pie

DynCorp is one of the corporations that was apparently given a no bid, "cost plus" contract. "Cost plus" type contracts have been repeatedly abused by many corporations in Iraq.

Under these types of contracts, the more a corporation spends, the more it is paid - and there are ordinarily no limits. A true accounting of what has been wasted in Iraq (if it were possible to give a true accounting) would most likely make our heads explode.

Does Dynacorp also have non-disclosure waivers as well like some of the other ones do? They do not have to report what they are charging to the public. Nice thing to have when you wanna rob someone.

This is so shameful and dirty that people in our nation should be screaming when many can not even afford housing on their pay checks.

A never-used camp in Baghdad for police trainers with an Olympic-size swimming pool is one of the examples highlighted in the quarterly audit.

All those people in New Orleans that are still waiting to have their home fix after Katrina should read this and march straight into Washington demanding accountability.

Incredible.

They want to blame insurgent problems on Iran when in actuality with over 1Billion dollars in hand they can buy weapons and armament from anyone at this point. Its no one elses fault but our own that there is so much corruption and graft.

Iraq's two biggest problems are official corruption and the lack of security, "and the two are linked," he said, citing an Iraqi government report that $1 billion stolen from an oil refinery in northern Iraq ended up in the hands of the insurgency.

Source

I remember a story from about a year ago, when it first broke about the black hole of dollars in Iraq.

Military personal were teling about the transfer af cash just after the fall of Baghdad. Without any banking system to rely on they came in containers fresh from the federal reserve.

$$ and $$ in 100$ bills, vacume packed in bales of a milion in each. They played football with'm they tell.

Most of that batch also just vaporised without a trace.

Look upon it this way, they cost nothing but the print... only paper money.

But I don't get it why they can't print some for those poor bastards down in New Orleans.

Originally posted by khunmoon

Look upon it this way, they cost nothing but the print... only paper money.

But I don't get it why they can't print some for those poor bastards down in New Orleans.

You can tell now what the meaning of "War for profits, I mean war on terror really mans" is nothing more than a rape of the American tax payer so "others" can profit.

But is still people that blindly believe in Bush until this day.

The biggest joke of America.

Lets not forget that just as in Israel they can comfortably attribute anything to being "militant" or "terrorist" without show of any proof, the people in Iraq are pretty comfy in their attributing any loss or theft to "insurgency" or "al-queda". Hard to believe that the one person thats over there doing any type of oversight is being given the Axe if he hasn't already been fired. That will definitly give freehand to anyone that wants to abuse the system. Iraq was one big cluster* and there is ultimately only one person that should be held responsible for that. Most CEO's would have been fired for such gross negligence when so much money is lost. How is it this man still walks around and calls himself the president?