Profligate Profit: 'US sponsors Taliban & wastes $30 billion'

The US senate committee into wartime contracting has found 30 billion dollars of taxpayer's money missing or stolen by contractors. The report claims the money was squandered due to poor planning, a lack of oversight and outright fraud by U.S. contractors and federal employees. It also suggests to implement stricter measures to control the spendings over the possibility that another 30 billion could be wasted in the future. The findings are now to be presented to congress, as a cash-strapped Washington prepares to trim defence spending to tackle its enormous debt.

• 2011-08-31T17:08:17+00:00
• Duration: 05:34

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