U.S. Only Spent Small Part of Iraq Rebuilding Funds

[Khephra]

U.S. Only Spent Small Part of Iraq Rebuilding Funds
By REUTERS

Published: January 6, 2005


Filed at 2:20 p.m. ET

WASHINGTON (Reuters) - The United States has still only spent a small portion of the $18.4 billion it set aside for rebuilding Iraq, a new government report shows.

According to a copy of the Bush administration's latest quarterly update to Congress on Iraq obtained by Reuters on Thursday, as of Dec. 29 only $2.2 billion of the funds has actually been spent.

This is up from $1.2 billion in the previous report that detailed reconstruction spending as of Sept. 22.

The portion of the money promised to companies for projects has risen to $10.5 billion from $7.1 billion in the previous report.

http://www.nytimes.com/reuters/politics/politics-iraq-usa-congress.html

[bobbyboucher]

1. Then why are they asking for another $100 billion?

This is the biggest grift in history.

[Tweed]

2. No wonder Iraq is in total trouble

There's a reason we lost the hearts and minds. What a huge fucking terrible mess.

[Kralizec]

3. GUess Iraq wasn't sucha money maker for Big Biz after all! n/t

[gardenista]

4. kick for Khephra

[Webster Green]

5. kick

[koneko]

6. kick

[miss_kitty]

7. kick for Khephra

[Misunderestimator]

8. kick

[Scout]

9. kick