$150 million lost in failed Iraq projects

[AlphaCentauri]

Source: WP

THE US Government paid a contractor $US142 million ($A149 million) to construct fire and police stations and prisons in Iraq that it never built or finished, according to audits.

The Special Inspector-General for Iraq Reconstruction (SIGIR) said Parsons, of Pasadena, California, received the money, part of a total $US333 million, but completed only a third of the projects.

Parsons said it had "some serious reservations about the conclusions", adding it was hindered by the unstable security situation in Iraq.

Parsons' work is emblematic of the troubled $US50 billion US reconstruction effort, but SIGIR conceded its "failure to complete some of the work was understandable because of its complex nature and unstable security environment".



Read more: http://www.theage.com.au/world/150-million-lost-in-failed-iraq-projects-20080728-3m8x.html

[Rambis]

1. One weeks worth?

there is so much money missing no one will ever figure out how much has gone into contractor pockets with no result.

[Number9Dream]

2. That money could have renovated Walter Reed Hospital...

where wounded veterans are treated like dirt by this chicken-hawk administration. And McCain keeps saying Iraq is a success.

[Rambis]

3. How about high speed rail

across the country and back 3 times according to one article I have read. Just think of the jobs!

[Doctor_J]

4. Probably at least 10 times that much

This is a lie.

[LynnTheDem]

5. YOUR $150 million, American people.

YOUR MONEY lost in failed Iraqi projects.

But never mind, there's trillions more of your money lost on other Iraqi projects.

Thank GEORGE W. bUSH.