Panel tallies massive waste and fraud in wartime US contracts

posted by
August 31, 2011
CNN    
Posted in News

"A nonpartisan panel reporting to Congress says the United States is wasting $12 million a day among contracts issued in support of American efforts in Iraq and Afghanistan. The Commission on Wartime Contracting spent the past three years documenting whether American funding went where it was supposed to. The findings show misdirected money has totaled between $31 billion and $60 billion, and that both the government and the contractors are to blame for fraud and waste." (08/31/11)

http://tinyurl.com/43u9l6a  

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