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MICRO NEWS REVIEW: Widespread waste and fraud in war spending
By The New Legalist
2011-09-01 08:15:40
 
MICRO NEWS: (Source)

WASHINGTON (AP) — The U.S. has lost billions of dollars to waste and fraud in Iraq and Afghanistan and stands to repeat that in future wars without big changes in how the government awards and manages contracts for battlefield support and reconstruction projects, independent investigators said Wednesday.
 
The Wartime Contracting Commission urged Congress and the Obama administration to quickly put in place its recommendations to overhaul the contracting process and increase accountability. The commission even suggested that the joint House-Senate debt reduction committee take a close look at the proposals.

The bipartisan commission…estimated that at least $31 billion and as much as $60 billion has been lost in Iraq and Afghanistan over the past decade due to lax oversight of contractors, poor planning, inadequate competition and corruption. "I personally believe that the number is much, much closer to $60 billion," Zakheim [a commission member and the Pentagon comptroller during President George W. Bush's first term] said.
...
Overall, the commission said spending on contracts and grants to support U.S. operations is expected to exceed $206 billion by the end of the 2011 budget year. Based on its investigation, the commission said contracting waste in Afghanistan ranged from 10 percent to 20 percent of the $206 billion total. Fraud during the same period ran between 5 percent and 9 percent of the total, the report said. Fraud includes bribery, kickbacks, bid rigging and defective products, according to the commission...
 
 
MICRO COMMENT:

The overseas wars themselves are the biggest waste and fraud. It is the military-industrial and oil magnates and the politicians serving their interests who have benefited the most from these wars at the expense of national financial security and all working people’s wellbeing. The only recommendation that should be made is to stop these wars right away and never to start any wars of the same nature.

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