War a Waste: $30 billion stolen by US contractors

The US wasted at least one dollar out of six on wars in Iraq and Afghanistan, which amounts to about US $30 billion, a bipartisan commission found. The sum may double in future, as foreign governments abandon unsustainable projects funded by the US.The Commission on Wartime Contracting in Iraq and Afghanistan is to report its sobering findings on Wednesday, but co-chairs Christopher Shays and Michael Thibault made parts of it public on Monday in an op-ed article in the Washington Post."Tens of billions of taxpayer dollars have been wasted through poor planning, vague and shifting requirements, inadequate competition, substandard contract management and oversight, lax accountability, weak inter-agency co-ordination, and sub-par performance or outright misconduct by some contractors and federal employees. Both government and contractors need to do better," they say.

http://www.youtube.com/watch?v=eSLcnIggWcw&feature=grec_index