Family members of four Blackwater employees killed in Fallujah testified about what they view as profiteering by Blackwater USA, including the company’s alleged failure to provide armored vehicles and other critical safety equipment. The Committee examined the costs of Blackwater’s security operations to the taxpayer and the adequacy of federal oversight of Blackwater and other security contractors.
Ambassador L. Paul Bremer and Stuart Bowen, the Special Inspector General for Iraq Reconstruction, testified on management of U.S. funds in Iraq. Questions were raised about an audit report issued in 2005 by Mr. Bowen that concluded that more than $8.8 billion in cash was disbursed without adequate financial controls.
From February 6-9, the Oversight Committee will hold four hearings on waste, fraud, and abuse of taxpayer dollars. The hearings focus on Iraqi reconstruction, Homeland Security contracting, and prescription drug pricing.
The history of the Bush Administration’s handling of federal contracts and other expenditures is one of persistent and costly mismanagement. It's Your Money, presented by Representative Henry A. Waxman, features specific examples of government waste, fraud, and abuse.
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