T-Room

The Best in Alt News

  • Home
  • News Archive
  • Visit the New Website

August 30, 2011

$30 billion stolen by US military contractors

Wartime Contracting Commission warns of huge risk from unsustainable projects

“ARLINGTON, VA, June 3, 2011 – U.S.-funded projects that the Iraqi and Afghan governments can’t operate or pay for on their own threaten to create billions of dollars of new waste of American taxpayers’ money, according to a special report released today by the federal Commission on Wartime Contracting in Iraq and Afghanistan.

The report notes that “Potential waste from unsustainable projects exceeds $11 billion for just one program in Afghanistan, facilities construction for the national security forces.” The report points to other examples like a large power plant the Afghan government can’t afford to operate and an Iraqi water-treatment plant that is shut down much of the time and produces murky water when it does run.

Sustainability is a serious concern, the report says, because the U.S. military will be out of Iraq by the end of 2011, and the drawdown of U.S. troops from Afghanistan begins in July. Yet many of the programs and projects carried out under federal contracts in the countries lack plans for staffing, technical support, and funding for the long term.

Read the rest of release by clicking on the headline and look for the report on Wednesday at the same location.

Filed Under: Opinion Tagged With: Banksters, billions missing in military contracts, Budget, Budget Deficit, Cheney, Halliburton, Kellogg Brown and Root, Military budget, military contracting, no bid contracts, Rumsfeld, Super committee, trillions missing at pentagon, triple AAA rating, Wall Street, war time spending

Tags

9/11 Alex Jones Article II Banksters Barack Obama bernanke China CIA Corbett Report Edward Snowden fascism Federal Reserve fukushima GMO Gold Gold currency Goldman Sachs IMF Iran Israel JP Morgan Keiser Report Max Keiser NATO Netanyahu New World Order NSA Obama Palestine Police state politics President Obama radiation RT Russia Silver Silver currency Syria T-Room the t room US Constitution USD Wall Street wayne madsen Zionism

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.

© 2013 Tansey & Associates, LLC | Terms of Use | Privacy Policy | Site Designed by Owen Design Company