What are the assumed problems/market outcomes of account deficits?

Discussion in 'Economics' started by let it run, Mar 14, 2006.

  1. Halliburton overcharged for Iraq oil work

    Oil services company Halliburton Co. repeatedly overcharged taxpayers and provided substandard cost reports under a $1.2 billion contract to restore Iraq's southern oil fields, according to a new report by U.S. Rep. Henry Waxman.

    In one case, the agency said Halliburton "tried to inflate cost estimate by $26M." In another, it said Halliburton claimed costs for laying concrete pads and footings that the Iraqi Oil Ministry had already installed.

    A top U.S. Army procurement officer, Bunny Greenhouse, last year described Halliburton's deals in Iraq as "contract abuse" and said auditors had flagged more than $1 billion in potential overcharges.

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    This is what you get when you vote Republican, taxpayer money going right into the pockets of the military and oil. Now I'll see if I can find what Ronnie was selling Sadam and the Ayatollah back in the day.
     
    #21     Mar 28, 2006