[quote user="bigblue4417"]
Washington (CNN) -- A nonpartisan panel reporting to Congress says the United States is wasting $12 million a day among contracts issued in support of American efforts in Iraq and Afghanistan.</P>
The Commission on Wartime Contracting spent the past three years documenting whether American funding went where it was supposed to. The findings show misdirected money has totaled between $31 billion and $60 billion, and that both the government and the contractors are to blame for fraud and waste.</P>
Commissioner Katherine Schinasi told reporters at a news conference Wednesday that the numbers don't seem to have an impact on people concerned about spending.</P>
To make it easier to grasp the magnitude of the problem, Schinasi said, "we've broken it down to $12 million a day."</P>
"We are wasting $12 million a day," she said, "maybe that will make a difference."</P>
The study looked at contracts from 2001 through the projected end of fiscal year 2011.</P>
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Thats a little over $4Billion per year. Its not good to waste money of course, but thats less than one tenth of one percent of the budget.</P>


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