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Over $8B of the Money You Spent Rebuilding Iraq Was Wasted Outright

News Link  •  Iraq

Over $8B of the Money You Spent Rebuilding Iraq Was Wasted Outright


03-06-2013  •  Wired.com 
  In fact, the U.S. spent $60 billion in its botched and often fraudulent efforts to rebuild the country it invaded, occupied and recast in its image.

With the 10-year anniversary of the Iraq invasion looming, Stuart Bowen, the Special Inspector General for Iraq Reconstruction, considers $8 billion of that money wasted outright. And that’s a “conservative” estimate, Bowen tells Danger Room.

“We couldn’t look at every project — that’s impossible — but our audits show a lack of accountability,” Bowen says. “We are not well structured to carry out stability and reconstruction operations.”

That isn’t nearly the whole story of the Iraq War’s expense. Bowen is only looking at reconstruction money, not the cost of military operations in Iraq, which totaled over $800 billion. But on Wednesday, Bowen’s office released a mammoth, final report into the botched reconstruction, which cost the U.S. taxpayers, on average, $15 million every day from 2003 to 2012 — all for dubious gain.

 
Read Full Story
Reported by Freedomsphoenix Readerfour
Additional related items you might find interesting:
News Link  •  Iraq
Al-Qaeda in Iraq Moves Into Abu Ghraib With Eyes on Baghdad
04-07-2014  •  http://news.antiwar.com, by Jason Ditz 
News Link  •  Iraq
Navies of Iran, Pakistan to hold joint drill in Hormuz strait
04-07-2014  •  http://news.yahoo.com, Reuters 
News Link  •  Iraq
102 Killed, 62 Wounded As Militants Attack Iraq Army Base
04-04-2014  •  http://original.antiwar.com, Margaret Griffis 
Tags: billion, botched, fraudulent, efforts, rebuild, country, invaded, occupied, recast, anniversary, invasion
       
 
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