Over $8B of the Money You Spent Rebuilding Iraq Was Wasted - Freedoms Phoenix 
Roberts and Roberts
Article Image
News Link • Iraq

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

• 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.

Join us on our
Social Networks

Share this page with your friends
on your favorite social network:

   

FeenPhone Free open-source software for hi-quality remote podcasting, radio, voiceover