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U.S. wasted billions in rebuilding Iraq [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-29-10 01:10 PM
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U.S. wasted billions in rebuilding Iraq
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Source: MSNBC

KHAN BANI SAAD, Iraq 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.

<snip>

Even completed projects for the most part fell far short of original goals, according to an Associated Press review of hundreds of audits and investigations and visits to several sites. And the verdict is still out on whether the program reached its goal of generating Iraqi good will toward the United States instead of the insurgents.

Read more: http://www.msnbc.msn.com/id/38903955/ns/world_news-mide... /



and they call this "news"?
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