Just a note on the current debate about wasted spending

As you may be aware, there is a partisan kerfuffle going on in DC around the collapse of the solar energy firm Solyndra, which received a federal loan guarantee of more than $500 million, pushed by the White House, then went belly up. Capitol Hill Rs smell a Whitewater moment, and the House Oversight and Government Reform (I have to stifle a laugh every time I speak that name) Committee is doing its darndest to whip up a froth.

More on Solyndra later, but in terms of wasted spending, take a look at this report from the Commission on Wartime Contracting in Iraq and Afghanistan – Read it and weep, or gnash your teeth

I note the opening graf of the Executive Summary:

At least $31 billion, and possibly as much as $60 billion, has been lost to contract waste and fraud in America’s contingency operations in Iraq and Afghanistan. Much more will turn into waste as attention to continuing operations wanes, as U.S. support for projects and programs in Iraq and Afghanistan declines, and as those efforts are revealed as unsustainable.

The next graf, btw, states that $31B to $60B is “conservative.”

Add the tens of thousands of lives lost, and you get tragedy on top of outrage.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: