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Monday, August 30, 2010

US wasted billions in Iraq rebuilding

http://l.yimg.com/a/i/ww/news/2010/08/30/iraq_reconstruction.jpg 
Maybe the Teabaggers can explain how this fiasco was the fault of the Democrats and not the shrub and the repugicans. Funny how obvious over-spending and waste was not much of an issue when the repugicans were in power.
A $40 million prison sits in the desert north of Baghdad, empty. A $165 million children's hospital goes unused in the south. A $100 million waste water treatment system in Fallujah has cost three times more than projected, yet sewage still runs through the streets

As the U.S. draws down in Iraq, it is leaving behind hundreds of abandoned or incomplete projects. More than $5 billion in American taxpayer funds has been wasted — more than 10 percent of the some $50 billion the U.S. has spent on reconstruction in Iraq, according to audits from a U.S. watchdog agency.

That amount is likely an underestimate, based on an analysis of more than 300 reports by auditors with the special inspector general for Iraq reconstruction. And it does not take into account security costs, which have run almost 17 percent for some projects.

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