Tuesday, February 28, 2006

$263 Million? That's chump change!

"The Pentagon's Defense Contract Audit Agency had questioned $263 million in costs for fuel deliveries, pipeline repairs and other tasks that auditors said were potentially inflated or unsupported by documentation".
Halliburton; $263 Million of your money "The Army has decided to reimburse a Halliburton subsidiary for nearly all of its disputed costs on a $2.41 billion no-bid contract to deliver fuel and repair oil equipment in Iraq, even though the Pentagon's own auditors had identified more than $250 million in charges as potentially excessive or unjustified. The Army said in response to questions on Friday that questionable business practices by the subsidiary, Kellogg Brown & Root, had in some cases driven up the company's costs. But in the haste and peril of war, it had largely done as well as could be expected, the Army said, and aside from a few penalties, the government was compelled to reimburse the company for its costs". - NY Times
What's a measly $1/4 billion among old thieves? It's all funny money anyway. If L. Paul Bremer and his gang can steal a few billion why can't Halliburton rip-off the taxpayers for a lousy $263 million? *Here's a direct quote from that WSJ article; "Authority officials rapidly doled out the money, including $12 billion from the U.N. fund paid in cash" Can you imagine, $12 billion in cash? Walking around money...Man, it's damn good work if you can get it! And how much of that $2.41 billion 'no bid' contract, with the $263 million in overcharges, did Dick Cheney receive, or will eventually receive, in deferred compensation?
$Loading... = the National Debt


On August 15, 1935, Wiley Post, the first pilot to fly solo around the world, and American humorist Will Rogers were killed when Post's plane crashed on takeoff from a lagoon near Point Barrow, in Alaska.


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