Quote:
Originally Posted by Phoenix
So where was most of the money spent?
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Mainly on supplies, which were in many cases not even needed, and where needed not even delivered, then there were insanely high rates for loads of third party "security services", consultancy fees, contracts for high tech equipment that couldn't even be used etc. etc.
This may account for a basically unprecedented financial crime, comparable only with the unregulated banking spree preceding the financial meltdown in 2007.
Especially considering that - it was calculated that even with exclusive rights to all the Iraqi oil it would take approximately 70 years to make te money back (and this doesn't count in the indirect future costs such as veteran's welfare), but that would of course also require plenty of American expats on site (basically a new age collonization).
This is a decent book related to the topic:
http://en.wikipedia.org/wiki/The_Thr...ion_Dollar_War
I bought it a couple years ago, started to read, but never finished it, yet.