Without contract reform and better oversight, future prospects look just as ominous, the panel members warned, as the U.S. considers a role rebuilding Libya in a post-Gadhafi time frame.
A nonpartisan panel reporting to Congress says the United States is wasting $12 million a day among contracts issued in support of American efforts in Iraq and Afghanistan.
The Commission on Wartime Contracting spent the past three years documenting whether American funding went where it was supposed to. The findings show misdirected money has totaled between $31 billion and $60 billion, and that both the government and the contractors are to blame for fraud and waste.
Commissioner Katherine Schinasi told reporters at a news conference Wednesday that the numbers don’t seem to have an impact on people concerned about spending.
To make it easier to grasp the magnitude of the problem, Schinasi said, “we’ve broken it down to $12 million a day.”