Over $8B of the Money You Spent Rebuilding Iraq Was Wasted Outright | Danger Room | Wired.com: The legacy of all the money the U.S. wasted in Iraq might be summed up with a single quote. “$55 billion could have brought great change in Iraq,” Prime Minister Nouri al-Maliki recently told the U.S.’s Iraq auditor. In fact, the U.S. spent $60 billion in its botched and often fraudulent efforts to rebuild the country it invaded, occupied and recast in its image.
With the 10-year anniversary of the Iraq invasion looming, Stuart Bowen, the Special Inspector General for Iraq Reconstruction, considers $8 billion of that money wasted outright. And that’s a “conservative” estimate, Bowen tells Danger Room.
“We couldn’t look at every project — that’s impossible — but our audits show a lack of accountability,” Bowen says. “We are not well structured to carry out stability and reconstruction operations.”