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{UNBELIEVABLE} Audit: Millions in Iraq contracts never finished

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posted on Apr, 28 2008 @ 09:34 AM
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[UNBELIEVABLE] Audit: Millions in Iraq contracts never finished


www.msnbc.msn.com

Investigators: U.S. government has falsely described projects as complete

WASHINGTON - Millions of dollars of lucrative Iraq reconstruction contracts were never finished because of excessive delays

The special IG's review of 47,321 reconstruction projects worth billions of dollars found that at least 855 contracts were terminated by U.S. officials before their completion

In recent weeks, Sen. Ben Nelson, D-Neb., has been working with Sen. Evan Bayh, D-Ind., and Susan Collins, R-Maine, on legislation that would restrict future reconstruction dollars to loans instead of grants; require that Baghdad pay for fuel used by American troops and take over U.S. payments to predominantly Sunni fighters in the Awakening movement.
(visit the link for the full news article)




posted on Apr, 28 2008 @ 09:34 AM
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They invaded Iraq and now Iraqis have to pay?

Where do I start?

www.msnbc.msn.com
(visit the link for the full news article)



posted on Apr, 28 2008 @ 09:51 AM
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What's just as infuriating is that there's not one word in that article about trying to recoup the estimated $1 billion that Congressional auditors believe has been squandered on unfinished or terminated contracts. Kiss that money goodbye.



posted on Apr, 28 2008 @ 10:00 AM
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I disagree with this post on a single point - Unbelievable.

There is nothing unbelievable about it. This is a corporate venture designed to redistribute wealth, these contracts were all contrivances to create more 'business' opportunities. IRAQ is a victim of those who lust for wealth and power. This includes Americans AND IRAQIs (as well as a significant number of 'internationalist' concerns that never seem to get recognized by the 'free' press)

[edit on 28-4-2008 by Maxmars]



posted on Apr, 28 2008 @ 10:26 AM
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reply to post by ModernAcademia
 


You may be right in there, perhpas Iraqi citizens got the short hand of the deal after all.

Remember all that money for reconstruciton was squandered away in nothing more than useless projects that where nohing to benefit Iraqi security.

Then you have all the money that was recovered from Saddams coffers that has been missing.

Interesting the conrruption behind many of this so call reconstructions contracts has been there for everbody to see.


WASHINGTON, Jan 31 (IPS) - Dozens of millions of dollars originally slated for the reconstruction and security of Iraq have been squandered on luxury items like an Olympic-sized swimming pool, VIP trailers, and buildings that were never or rarely used, a U.S. government watchdog says.
.

So as you see finally something is done to stop the contracts awarded that are nothing more than wasted and missued money by the corrupted corporations that this was awarded to.


Among the examples of waste documented in the 579-page report is that as part of a contract awarded to DynCorp International between July 2004 and June 2006, the State Department paid 43.8 million dollars for manufacturing and temporary storage of a residential camp that has never been used.


See how our tax payer money has been used.


The State Department may have also spent another 36.4 million dollars on weapons and equipment, including armoured vehicles, body armour and communications equipment, that cannot be accounted for because "invoices were vague and there was no backup documentation".


All that money that our president keeps asking for and getting for reconstruction is not been monitored and kept tracks on it.

Is like having a check book with not limit at the expenses of the Americqn people.


Since the invasion of Iraq in March 2003, the Bush administration has spent more than 30 billion dollars in U.S. taxpayer funds and another 20 billion dollars in Iraqi funds under its control for the reconstruction effort. The war in general has reportedly cost more than 450 billion dollars.


ipsnews.net...

And it doesn't sto to amazed me when the appologist of this war get so outraged when I bring Bush names into this corruption.

But he is the one that brought this war he is the one that is asking for money and more money and under his administration all this corruption and mess is happening.




[edit on 28-4-2008 by marg6043]



posted on Apr, 28 2008 @ 12:34 PM
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Originally posted by marg6043

All that money that our president keeps asking for and getting for reconstruction is not been monitored and kept tracks on it.

Is like having a check bood with not limit at the expenses of the Americqn people.


Since the invasion of Iraq in March 2003, the Bush administration has spent more than 30 billion dollars in U.S. taxpayer funds and another 20 billion dollars in Iraqi funds under its control for the reconstruction effort. The war in general has reportedly cost more than 450 billion dollars.



Absolutely, and the way I see it, a large problem of what you are describing is the Fiat system.

They can go as far as they want in debt, and it will be the American people that will owe. They couldn't go this far with the Gold Standard.

It's like 360 Corruption, corruption from all angles



posted on Apr, 28 2008 @ 12:55 PM
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reply to post by ModernAcademia
 


Noone invaded Iraq ! That is preposterous. We are there helping the Iraqi people who obviously could not help themselves. Get on outta here with that invasion crap. They should have to pay some. They asked for our help and they should pay for something.



posted on Apr, 28 2008 @ 12:55 PM
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Existing thread here:
www.abovetopsecret.com...

Please add to the ongoing discussion.

Thank you.




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