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Wednesday, August 31, 2011

Up To $60B In War Funds Said Wasted

(WASHINGTON) — As much as $60 billion in U.S. funds has been lost to waste and fraud in Iraq and Afghanistan over the past decade through lax oversight of contractors, poor planning and payoffs to warlords and insurgents, an independent panel investigating U.S. wartime spending estimates.


In its final report to Congress, the Commission on Wartime Contracting said the figure could grow as U.S. support for reconstruction projects and programs wanes, leaving both countries to bear the long-term costs of sustaining the schools, medical clinics, barracks, roads and power plants already built with American tax dollars.


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3 comments:

Anonymous said...

But But But.....I thought we didn't negotiate with terrorists. What a joke this president is!

Anonymous said...

Wasted . . . I mean . . . embezzled

Anonymous said...

11:02 I guess you missed the whole part that said "over the last 10 years"