Tuesday, September 23, 2008

$13 Billion "lost" in Iraq

A billion here... a billion there...

Now that the government is poised to spend over a TRILLION dollars so that Wall Street executives don't go bankrupt, quibbling over a few more billion dollars missing in Iraq seems also trivial. BUT...

$13 Billion in Iraq Aid Wasted Or Stolen, Ex-Investigator Says
By Dana Hedgpeth
Washington Post Staff Writer
Tuesday, September 23, 2008; Page A19

A former Iraqi official estimated yesterday that more than $13 billion meant for reconstruction projects in Iraq was wasted or stolen through elaborate fraud schemes. [More...]

George W. Bush is asking for more than twice this amount to bail out his fatcat friends. What's more, he wants the cash without any oversight whatsoever.

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