Mismanaging Money In Iraq

By Justin Gardner | Related entries in Money, War

Why do people think they can get away with this stuff?

BAGHDAD, Iraq, July 29 � The State Department agency in charge of $1.4 billion in reconstruction money in Iraq used an accounting shell game to hide ballooning cost overruns on its projects there and knowingly withheld information on schedule delays from Congress, a federal audit released late Friday has found.

The agency hid construction overruns by listing them as overhead or administrative costs, according to the audit, written by the Special Inspector General for Iraq Reconstruction, an independent office that reports to Congress, the Pentagon and the State Department.

Called the United States Agency for International Development, or A.I.D., the agency administers foreign aid projects around the world. It has been working in Iraq on reconstruction since shortly after the 2003 invasion.

So what will be the outcome of this? Nada…

In a letter responding to the inspector general’s findings, Joseph A. Saloom, the newly appointed director of the reconstruction office at the United States Embassy, said he would take steps to improve the reporting of the costs of reconstruction projects in Iraq. Mr. Saloom took little exception to the main findings.

Ladies and gentlemen, your money at work.

Read more here.

This entry was posted on Saturday, July 29th, 2006 and is filed under Money, War. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Mismanaging Money In Iraq”

  1. DosPeros Says:

    Justin – You answer your own question. “Why do people think they can get away with this stuff?” Answer: “So what will be the outcome of this? Nada.” Well, there you go, that is why they think, know that they can get away with it. I would only add, “Your money at work — with the Federal Government.” What can be learned here? The Feds can behave like Enron all they want, because it is government and there isn’t shit you can do about it, except vote to take the money back.

  2. carl Says:

    this artical is somwhat like what hapened to lt comandercharles swift
    who dissed the president and was prompley turned down for a promotion and had to resign because of rules in the military no advance your out

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