Panel tallies massive waste and fraud in wartime U.S. contracts

[William769]

Washington (CNN) -- 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 totals between $31 billion and $60 billion, and that both the government and the contractors are to blame for fraud and waste.

Commissioner Katherine Schinasi told a Wednesday news conference the numbers don't seem to have an impact on people concerned about spending.

"In the report we've broken it down to $12 million a day. We are wasting $12 million a day," she said, "maybe that will make a difference."

http://www.cnn.com/2011/POLITICS/08/31/wartime.contracting/index.html

Now theres up to 60 billion dollars wasted without even mentioning what your stances of the wars are. Maybe they should be looking here to save money instead of cutting social programs where the help is really needed!

[RUMMYisFROSTED]

1. $12M is bullshit!

That's only $5B a year.

It's a 100X that.

[izquierdista]

2. We've not been in a war since 1945*

And the last declaration of war was December 8, 1941.



* A sane person would wonder what the "Defense" department needs all that money for.

[William769]

3. And thats only the money being wasted.