Greatest Enemy in Iraq: Corrupt and Wasteful Contractors

Not only do we have to face a ruthless insurgency in Iraq;but our tax dollars, intended to defend our soldiers, is being wasted or stolen:

An estimated $100 billion will be spent in 2007. Much of that money is going to 60,000 civilian contractors involved in reconstruction and providing services to the troops.

But recently, the Pentagon admitted it has a hard time accounting for how billions of your tax dollars are being spent — and the billions that may be lost to contractor waste, fraud and abuse, CBS News investigative correspondent Armen Keteyian reports.

And some of those corrupt contractors have ties to the White House:

"The Bush administration doesn't give a damn about contractor fraud in Iraq," attorney Alan Grayson says.

Grayson has filed dozens of civil "whistleblower" lawsuits against contractors, and he says with no help from the government because of what describes as the administration's ties to major military contractors.

"After 3 1/2 years, shouldn't they actually have brought some of these people to justice? What is the big problem?" Grayson said.