Auditors: Billions Wasted in Iraq |

Time to start freezing the assets of war-profiteers and other thieves, including those in high office.

Auditors: Billions Wasted in Iraq | World Latest | Guardian Unlimited:

WASHINGTON (AP) - The U.S. government is at risk of squandering significantly more money in an Iraq war and reconstruction effort that has already wasted or otherwise overcharged taxpayers billions of dollars, federal investigators said Thursday.

The three top auditors overseeing contract work in Iraq told a House committee that $10 billion in spending was wasteful or poorly tracked. They pointed to numerous instances in which Defense and State department officials condoned or otherwise allowed poor accounting, repeated work delays, bloated expenses and payments for work shoddily or never done by U.S. contractors.

That problem could worsen, the Government Accountability Office said, given limited improvement so far by the Department of Defense even as the Bush administration prepares to boost the U.S. presence in Iraq.