the Sugar Conspiracy

Friday, October 08, 2004

Here's a quarter, buy yourself something nice

As little as 27 cents of every dollar spent on Iraq's reconstruction has actually filtered down to projects benefiting Iraqis, a statistic that is prompting the State Department to fundamentally rethink the Bush administration's troubled reconstruction effort.

Between soaring security costs, corruption and mismanagement, contractors' profits, and U.S. governmental costs, reconstruction funding is being drained away, leaving little left to improve the lives of Iraqis, according to an analysis by the nonpartisan Center for Strategic and International Studies. Senior administration officials and congressional experts on the reconstruction effort called the analysis credible. One senior U.S. official familiar with reconstruction suggested as little as a quarter of the funding is reaching its intended projects.

More.

posted by chris at 3:36 PM
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