Up To $60 Billion In Iraq, Afghanistan War Funds Lost To Poor Planning, Oversight, Fraud

From the HUFF POST / AP:

As much as $60 billion in U.S. funds has been lost to waste and fraud in Iraq and Afghanistan over the past decade through lax oversight of contractors, poor planning and payoffs to warlords and insurgents, an independent panel investigating U.S. wartime spending estimates.

In its final report to Congress, the Commission on Wartime Contracting said the figure could grow as U.S. support for reconstruction projects and programs wanes, leaving both countries to bear the long-term costs of sustaining the schools, medical clinics, barracks, roads and power plants already built with American tax dollars.

Much of the waste and fraud could have been avoided with better planning and more aggressive oversight, the commission said. To avoid repeating the mistakes in Iraq and Afghanistan, government agencies should overhaul the way they award and manage contracts in war zones, the commission recommended…

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1 Comment

  1. “Much of the waste and fraud could have been avoided with better planning and more aggressive oversight, the commission said.” Are you kidding me? Who is the contracting officer responsible for awarding these sole source contracts? Who benefited? And who was pressuring the contracting officer to sign his/or her name on the dotted line? I smell a thief.

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