-Caveat Lector-

Of course we know where it's going - into private American CEO pockets,
that's where!

And, from all indications, the criminals in Congress are going to give
it to them too...

*UN estimate for rebuilding *Iraq half that of Bush's-where's the money
going?
http://www.wsws.org/articles/2003/oct2003/iraq-o11.shtml

         *By Patrick Martin
         *11 October 2003


Basic reconstruction in Iraq next year would cost less than half the amount requested by the Bush administration from the US Congress, according to a joint report prepared by the United Nations and World Bank. The report estimates that $9 billion are needed for reconstruction in Iraq in 2004. The report was released the same day that an $18.6 billion reconstruction budget was approved by the House Appropriations Committee.

The report provides breakdowns of costs for restoring essential services
that bear out this estimate. For example, while the Bush administration
has demanded $5.7 billion for rebuilding the country's electricity
system, the UN-World Bank report puts the price tag at $2.38 billion.
Similarly, for rebuilding the water and sanitation infrastructure, the
administration has asked for $3.77 billion, while the joint report
estimates that less than $1.9 billion is needed.

The introduction to the UN-World Bank report makes clear the
contradiction underlying any reconstruction plan: the continued US
occupation and the growing resistance struggle against it make any
genuine rebuilding and social progress impossible. "When work on the
assessment commenced, a main underlying assumption was that there would
be a stable security environment," the document says. "This clearly is
not the case at the time this Needs Assessment is being finalized."

The report was released in advance of a "donors conference" scheduled to
take place in Madrid October 23-24. The Bush administration has
estimated that $55 billion will be needed for Iraqi reconstruction
between 2004 and 2007. In addition to the $20 billion that it is seeking
from Congress, it has called upon other nations to come up with $35 billion.

UN officials involved in organizing the conference, however, project
that as little as $1 billion may actually be forthcoming. The right-wing
Spanish government of Prime Minister Jose Aznar, which is hosting the
gathering, is reportedly considering a postponement in order to spare
his American ally the embarrassment.

The UN/World Bank report comes in the wake of the virtual collapse of
the Bush administration's attempt to line up support in the United
Nations for a new Security Council resolution on Iraq, which would
provide a political cover for governments willing to contribute troops
to the US-British occupation force.

With major powers like France, Germany, Russia and China showing little
enthusiasm for the proposal-and few countries willing to contribute
significant forces, with or without a resolution-UN Secretary General
Kofi Annan made a series of unusually blunt public statements opposing a
subordinate UN role in a US-controlled Iraq and torpedoing the US plan.

The UN/World Bank report may thus be viewed in Washington as a further
act of sabotage by Annan and its opponents in Europe and Asia. That
belief was evident from the reaction by the Bush administration after
the /Financial Times/, the leading British business newspaper, published
a prominent article on the report Friday. The White House immediately
disputed comparisons between the UN figures and its own Iraq budget,
saying the US cost estimate was for an 18-month period while the UN's
was for 12 months. However, the White House sent the request to Congress
for Fiscal Year 2004, which runs for 12 months, from October 1, 2003 to
September 30, 2004.

This is not the first time the Bush administration's estimate for the
cost of rebuilding Iraq's war and blockade-devastated infrastructure has
been challenged. The Iraqi Governing Council, the 25-member body
appointed by US administrator Paul Bremer, has called into question many
of Bremer's own budget projections. The council has charged Bremer with
using higher-priced foreign contractors, mainly American, to do jobs
that Iraqi businessmen could perform much more cheaply.

Mahmoud Othman, a Kurdish member of the council, told the /New York
Times/, "There is no transparency, and something has to be done about
it. There is mismanagement right and left... A lot of American money is
being wasted, I think. We are victims and the American taxpayers are
victims."

It goes without saying that Bremer and the Bush administration are not
lavishing these unaccounted-for billions on the Iraqi people. What
underlies the UN/World Bank report and the complaints of the Iraqi
Governing Council is the dirty secret of the Bush administration's
request for rebuilding Iraq: the funds being appropriated by Congress
will go primarily not to Iraqis, but to large American corporations,
especially those, like Bechtel and Halliburton, with the highest-level
connections to the Republican Party and the Bush administration.

This is the case, not merely for the $20.3 billion in "reconstruction"
funds, on which press and congressional attention has largely focused,
but for the entire $87 billion package Bush announced last month. While
the bulk of these funds, $66 billion, is earmarked as military spending,
almost none of it will go into the pockets of American soldiers or their
families. The soldiers' pay is part of the regular Pentagon budget, not
the new package, and they receive only a small supplement for service in
a combat zone.

What is listed as military spending would be better described as a huge
slush fund for the American corporations that supply food and fuel and
munitions, build barracks and other facilities, and conduct many other
logistical operations in Iraq. Over the past decade, most such functions
have been privatized, with only the actual shooting and killing reserved
to military personnel.

Combined with the initial $79 billion cost of the invasion and conquest
of Iraq, the latest administration request brings the total current
spending on the Iraq war to $166 billion, the vast majority of it ending
in the coffers of giant US companies. These corporations reap guaranteed
profits in contracts which typically provide full reimbursement of costs
plus a 7 percent profit: the more the companies charge the Pentagon, the
more profit they make.

War profiteering is not the only reason for the US conquest of Iraq, but
it is an enormously powerful factor in the decisions of the Bush
administration, which includes an inordinate number of former CEOs among
its key personnel.

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