But it worked so well for Enron!

Looks like folks at The State Department have been taking lessons in accounting from whoever the hell trained the people at Enron:

BAGHDAD, Iraq, July 29 — The State Department agency in charge of $1.4 billion in reconstruction money in Iraq used an accounting shell game to hide ballooning cost overruns on its projects there and knowingly withheld information on schedule delays from Congress, a federal audit released late Friday has found.

The agency hid construction overruns by listing them as overhead or administrative costs, according to the audit, written by the Special Inspector General for Iraq Reconstruction, an independent office that reports to Congress, the Pentagon and the State Department.

Called the United States Agency for International Development, or A.I.D., the agency administers foreign aid projects around the world. It has been working in Iraq on reconstruction since shortly after the 2003 invasion.

The report by the inspector general’s office does not give a full accounting of all projects financed by the agency’s $1.4 billion budget, but cites several examples.

I hate to find out, as we eventually will, just how much of the billions we’ve thrown at Iraq has been wasted by people pulling shit like this.

2 thoughts on “But it worked so well for Enron!

  1. Remember seeing a news item (?last year) about overspends. Halliburton had recieved hundreds of thousands, and work on a particular repair never got done.  Eventually someone hired local Iraq’s, who did the job for about 23,000 (can’t remember if £ or $).  It’s one of the things annoying the Iraqi’s- the fact they do not get hired, but US companies get the work.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.