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By Evelyn Pringle (about the author)
Become a Fan (1 fan) -- Page 5 of 5 page(s)
"Why this huge contract has not been and is not now being adequately audited is beyond me. The potential for waste and profiteering under such a contract is substantial, " the indignant Republican Congressman, Donald Rumsfeld said.
In 1982, the GAO reported that the company lost accounting control of $120 million and that its security was so poor that millions of dollars worth of equipment had been stolen.
For those readers who may hoping that the millions of tax dollar spent on all the investigations and hearings discussed in this report might result in a turn-around by contractors in Iraq, here is a discomforting tidbit. According to the July 15, 2005 Boston Globe, "The federal government's chief investigator yesterday blasted the Pentagon for its ''atrocious financial management," saying the Defense Department was not able to give federal oversight officials a full accounting of the $1 billion being spent each week on the war in Iraq."
I'm not sure whether the Americans or the Iraqis are picking up the tab for the billion a week, but I think it must the Iraqis in light of the latest announcement by officials in Iraq. On September 9, 2005, the Guardian reported that, "Key rebuilding projects in Iraq are grinding to a halt because American money is running out and security has diverted funds intended for electricity, water and sanitation, according to US officials."
There are an estimated 20,000 foreign security contractors currently in Iraq, with some being paid more than $1,000 a day. According to IG, Stuart Bowen, $5 billion of the $18.4 billion appropriated by Congress for reconstruction, has been diverted to security.
A GAO report said that "attacks, threats and intimidation against project contractors and subcontractors" were to blame.
For those wondering what kind of bang the Iraqis got for their big bucks, some areas of Iraq still only get less than four hours of electricity a day. The estimated cost of providing enough electricity for the country by 2010 is $20 billion, according to the Guardian.
Water and sanitation projects have been hit hard. According to a report published early this month by the GAO, so far, $2.6 billion has been spent on water projects, but that amount equals only half the sum allocated for the work, because the remainder was spent for security and other uses.
A quarter of the $200 million worth of completed water projects handed over to the Iraqi authorities no longer work properly because of "looting, unreliable electricity or inadequate Iraqi staff and supplies," the GAO report said. There has be a surge in cases of dehydration and diarrhea among children and the elderly.
Shortages of fuel have produced lines a mile long at gas stations. Crude oil production is averaging around 2.2 million barrels a day, still below its pre-war peaks, according to the Brookings Institution in Washington.
As for Halliburton, it is currently facing a number of investigations for overcharging in Iraq, according to a report released in March 2005, by Rep Henry Waxman (D-CA).
But hey, what better choice could Bush have made than for Halliburton to get the $700 million reconstruction contract to repair the damage caused by Katrina? I mean, look what the firm has done for the Iraqis.
And just think how thankful the Iraqis must feel toward Bush, especially the ones who have managed to stay alive.
Evelyn Pringle
epringle05@yahoo.com
(Evelyn Pringle is a columnist for Independent Media TV and an investigative journalist focused on exposing corruption)
Become a Fan (1 fan) -- Page 5 of 5 page(s)
In 1982, the GAO reported that the company lost accounting control of $120 million and that its security was so poor that millions of dollars worth of equipment had been stolen.
For those readers who may hoping that the millions of tax dollar spent on all the investigations and hearings discussed in this report might result in a turn-around by contractors in Iraq, here is a discomforting tidbit. According to the July 15, 2005 Boston Globe, "The federal government's chief investigator yesterday blasted the Pentagon for its ''atrocious financial management," saying the Defense Department was not able to give federal oversight officials a full accounting of the $1 billion being spent each week on the war in Iraq."
I'm not sure whether the Americans or the Iraqis are picking up the tab for the billion a week, but I think it must the Iraqis in light of the latest announcement by officials in Iraq. On September 9, 2005, the Guardian reported that, "Key rebuilding projects in Iraq are grinding to a halt because American money is running out and security has diverted funds intended for electricity, water and sanitation, according to US officials."
There are an estimated 20,000 foreign security contractors currently in Iraq, with some being paid more than $1,000 a day. According to IG, Stuart Bowen, $5 billion of the $18.4 billion appropriated by Congress for reconstruction, has been diverted to security.
A GAO report said that "attacks, threats and intimidation against project contractors and subcontractors" were to blame.
For those wondering what kind of bang the Iraqis got for their big bucks, some areas of Iraq still only get less than four hours of electricity a day. The estimated cost of providing enough electricity for the country by 2010 is $20 billion, according to the Guardian.
Water and sanitation projects have been hit hard. According to a report published early this month by the GAO, so far, $2.6 billion has been spent on water projects, but that amount equals only half the sum allocated for the work, because the remainder was spent for security and other uses.
A quarter of the $200 million worth of completed water projects handed over to the Iraqi authorities no longer work properly because of "looting, unreliable electricity or inadequate Iraqi staff and supplies," the GAO report said. There has be a surge in cases of dehydration and diarrhea among children and the elderly.
Shortages of fuel have produced lines a mile long at gas stations. Crude oil production is averaging around 2.2 million barrels a day, still below its pre-war peaks, according to the Brookings Institution in Washington.
As for Halliburton, it is currently facing a number of investigations for overcharging in Iraq, according to a report released in March 2005, by Rep Henry Waxman (D-CA).
But hey, what better choice could Bush have made than for Halliburton to get the $700 million reconstruction contract to repair the damage caused by Katrina? I mean, look what the firm has done for the Iraqis.
And just think how thankful the Iraqis must feel toward Bush, especially the ones who have managed to stay alive.
Evelyn Pringle
epringle05@yahoo.com
(Evelyn Pringle is a columnist for Independent Media TV and an investigative journalist focused on exposing corruption)
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