Daily Revolt

May 22, 2007

Congress Seeks Missing Billions in Iraq

Our soldiers are dying to sustain a staggeringly corrupt government:
Gary Ackerman, a New York Democrat, cited figures from the US government accountability office that reported between 100,000 and 300,000 barrels of Iraqi oil were unaccounted for each day – representing $5m to $15m daily at an average price of $50 a barrel.

5 Billion a year disappearing:
“It is simply outrageous that we are mired in the same mud of incompetence that we got stuck in last year and the year before that. But knowing the administration’s abysmal track record on Iraq reconstruction planning, this is no surprise,” Tom Lantos, the committee’s Democratic chairman, said.

Iraq was losing perhaps $5bn (€3.7bn, £2.5bn) a year through corruption, he said.

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