September 10, 2011

US money is Taliban's No 2 revenue source

During ten years of war, the U.S. has paid contractors $206 billion to do such things as building schools and guard diplomats. Recently, a blue ribbon commission put a number on how much has been lost to mismanagement and corruption. The sum is between $30 and $60 billion during the course of the U.S engagements in Iraq and Afghanistan. Examples of waste are:
  • Leasing four-wheel vehicles at "grossly exorbitant rates" of about $40,000 a year 
  • A $124 million prison renovation that was never finished 
  • The pockets of corrupt officials and the enemy 
Except for the opium harvest, U.S. contracts were the Taliban's biggest source of funds. Another investigation estimated $360 million has ended up in the hands of the Taliban.
As many as 260,000 contractors were on the payroll at any one time which is said to be one of the reasons to this situation. They were to many for the U.S. to manage. And more of the same waste is expected to continue as the war goes on.

Source: CBS News