More Money Lost to Enemies and Fraud in Iraq, Afghanistan

By:  Raven Clabough
09/01/2011
       
More Money Lost to Enemies and Fraud in Iraq, Afghanistan

Earlier this month, a special task force assembled by General David Petraeus released the findings from its investigation that determined approximately $360 million in U.S. tax dollars landed in the hands of those that the American military have been fighting for over a decade: Taliban, criminals, and power brokers. More recently, however, another commission determined that the figure is actually closer to $60 billion.

An independent panel, the Commission on Wartime Contracting-established by Congress in 2008- asserts that $60 billion in American tax dollars has been lost to waste and corruption in Afghanistan and Iraq within the last decade.

The Commission’s 240-page report asserts that the United States is expected to have spent beyond $206 billion by the end of the 2011 budget year on its operations in Afghanistan and Iraq. Of that $206 billion, it has determined that approximately 10 to 20 percent has been spent on “contracting waste” while an additional 5 to 9 percent of that total was absorbed by fraud.

Earlier this month, a special task force assembled by General David Petraeus (photo) released the findings from its investigation that determined approximately $360 million in U.S. tax dollars landed in the hands of those that the American military have been fighting for over a decade: Taliban, criminals, and power brokers. More recently, however, another commission determined that the figure is actually closer to $60 billion.

An independent panel, the Commission on Wartime Contracting-established by Congress in 2008- asserts that $60 billion in American tax dollars has been lost to waste and corruption in Afghanistan and Iraq within the last decade.

The Commission’s 240-page report asserts that the United States is expected to have spent beyond $206 billion by the end of the 2011 budget year on its operations in Afghanistan and Iraq. Of that $206 billion, it has determined that approximately 10 to 20 percent has been spent on “contracting waste” while an additional 5 to 9 percent of that total was absorbed by fraud.

Click here to read the entire article.

The JBS Weekly Member Update offers activism tips, new educational tools, upcoming events, and JBS perspective. Every Monday this e-newsletter will keep you informed on current action projects and offer insight into news events you won't hear from the mainstream media.
JBS Facebook JBS Twitter JBS YouTube JBS RSS Feed