PERHAPS THE LARGEST WAR PROFITEERING IN ALL HISTORY: U.S. Spending in Iraq since 2003
By Kevin Stoda, Kuwait
“What happened to the $23 Billion Dollars?” is a catch phrase used on the link to the BBC-News Panarama. The program is on BBC TV, radio, and on the web. It reveals recent findings that lost billions in Iraq (i.e. starting with the time the U.S. government and military started giving out no-bid contracts for that occupation) are mind boggling to Europeans.
One short trailer for the program can be viewed here. http://news.bbc.co.uk/2/hi/programmes/panorama/7438372.stm
The Panarama program is entitled: “BBC UNCOVERS LOST IRAQ BILLIONS”.
BBC Panorama's Jane Corbin has spoken with many who “tell of who got rich and who got burned.”
In addition, Corbin intensively looks at the “allegations of mismanagement, fraud and waste; tales of contractors chosen for their US government connections without a competitive bidding process; contractors inflating their costs and double counting to increase their profits and billions supposed to be used to rebuild the Iraqi military allegedly ending up in the pockets of some Iraqi government officials.”
Whereas this is old news to people in the USA, this is the first major expose from the U.S.’s most important ally in Iraq—the British.
See CorpWatch’s Report from Kuwait here on more U.S. billions and how they disappear: http://www.warprofiteers.com/article.php?id=11664
On the aforementioned recent BBC program, Henry Waxman, who is the Chairmen of the U.S. House Committee on Oversight and Government Reform notes, “It may well turn out to be the largest war profiteering in history.”
Judge Radhi al-Radhi of Iraq's Commission for Public Integrity has looked into the matter from the Iraqi side. He has noted that billions of dollars disappeared from the country’s various national budgets, including the Defense Budget, over the past 4 to 5 years.
Al-Radhi stated on BBC, “I believe these people are criminals. …They failed to rebuild the Ministry of Defense, and as a result the violence and the bloodshed went on and on - the murder of Iraqis and foreigners continues and they bear responsibility.”