Fraud, Waste and Abuse

That fairly describes the contract DynCorp had with the State Department in Iraq. DynCorp had a $1.2 billion contract to train Iraqi police and the auditors have no idea where much of the money went. The State Department had only one contracting officer overseeing the work.

This one is not all Bush's fault. The Federal government has been both outsourcing work and cutting back on contract oversight since the days of Reagan. But this happened on Bush's watch and it is his responsibility.

DynCorp is small potatoes, though. They are pikers compared to the big thieves contractors in Iraq.