iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Your Tax Dollars at Work

“America’s efforts to carry out nation-building in Iraq and Afghanistan could end up wasting billions of taxpayer dollars once the U.S. military pulls out of both countries.

An examination of projects by the Commission on Wartime Contracting (CWC) has found that in many instances the U.S. has embarked on infrastructure development which neither the Iraqis nor Afghans will be able to operate, for varying reasons, once the withdrawal is complete.

In Afghanistan, the potential waste from unsustainable projects could exceed $11 billion for just the construction of facilities for the national security forces. This year’s proposed U.S. budget to support the Afghan National Security Forces (ANSF) is $13 billion, including $5 billion just for clothing, equipment and salaries. Can the Afghan government take over these expenses? Not likely, considering that Afghanistan’s entire gross domestic product for FY 2011 is about $16 billion. The International Monetary Fund estimates that the Afghan government will not be able pay the annual costs of the ANSF for at least another 12 years……”

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One comment

  1. heaterman

    This level of competence should be surprising to no one given our governments propensity to throw money, borrowed money, at any problem.

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