Monday, July 31, 2006

Homeland Security audits find massive waste


What a shock! Another Bush boondoggle, designed to rob from the treasury and fuel GOP donors.

Good Lord, that is why it was set up to begin with. It sure as hell hasn't done a damn thing worthwhile.

Homeland Security audits find massive waste:

WASHINGTON -- The multibillion-dollar surge in federal contracting to bolster the nation's domestic defenses in the wake of the Sept. 11, 2001, attacks has been marred by extensive waste and misspent funds, according to a new bipartisan congressional report.

Lawmakers say that since the Homeland Security
Department's formation in 2003, an explosion of no-bid deals and a critical shortage of trained government contract managers have created a system prone to abuse. Based on a comprehensive survey of hundreds of government audits, 32 homeland security contracts worth a total of $34 billion have 'experienced significant overcharges, wasteful spending, or mismanagement,' according to the report, which was released Thursday and was obtained in advance by The Washington Post.

The value of contracts awarded without full competition increased 739 percent from 2003 to 2005, to $5.5 billion, more than half the $10 billion awarded by the department that year. By comparison, the agency awarded a total of $3.5 billion in contracts in 2003, the year it was created.

No comments: