Wednesday, February 15, 2006

$1 billion U.S. taxpayer dollars disappear every week in Iraq without audit trails

"According to the GAO the amount of money being spent by the United States in Iraq is 15 times great than was spent in Bosnia, but only twice as many contracting and acquisition experts are overseeing Iraq contracts.

Far from being able to drill down into individual contracts to see whether they are being competently handled, Walker said the GAO has its hands full just trying to follow the big picture.

"We don't even know how they are spending $1 billion a week in Iraq, because their accounting records are abysmal," Walker said." -- Washington Times

Is this part of the Cheney and Friends Retirement Fund?

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