Saturday, November 12, 2005

How $8 billion (give or take a few billion) was lost and stolen in Iraq. The following article from the London Review of Books does one of the best jobs of explaining how we've squandered so much money there. Unfortunately, it's going to get worse: that's because the Pentagon's on-site auditor has left Iraq permnanently so there won't be any more bad news about our waste there. This recent piece from the Pentago's inspector general could be one of the last assessments based on on-site review by DOD. And one of the largest thefts in history -- $1 billion from the Iraqi Defense Ministry -- will make it harder to train and equip the Iraqi Army.
As Donald Rumsfeld once said cavalierly, when looting was left unchecked after Saddam fell, "Stuff happens."

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