Tag Archives: KBR

And the Waste Goes On…

So, apparently there’s another contracting company to add to the list of tax dollar abusers. They’re called the Parsons construction group. They were supposed to do improvements on a prison in the flatlands north of Baghdad, but Parsons continually fell behind schedule, causing the Pentagon to cancel the project.

The big problem? The prison was part of an almost $1 billion contract to build border posts, courts, police training centers and fire stations, all in hopes of restoring Iraq’s infrastructure. Yet Parsons only completed 18 out of the 53 project stipulated in its contract, and although they were paid for the minimal work they did on the prison, the structure is now empty and useless, due to structural weaknesses Parsons did not fix. In the end, Parsons made out with a barrel full of cash, and the much blood-stained region of Diyala never got its infrastructure.

“In the pecking order of corruption in Iraq, the dead-end prison project at Khan Bani Saad is nowhere near the biggest or most tangled. Bowen estimated up to 20 percent ‘waste’ or more than $4 billion from the $21 billion spent so far in the U.S.-bankrolled Iraq Relief and Reconstruction Fund.”

So reported Brian Murphy and Pauline Jelinek in the Huffington Post. I read this right after I read a headline about how President Bush will have compiled the largest federal deficit in U.S. history — $482 billion to be exact. So I have to wonder: how much of our tax dollars have been wasted in this same careless manner?

The Bush administration has taken outsourcing of essential government services to new extremes, especially in Iraq. Yet the record is so riddled with waste, corruption and other abuses that you have to wonder: Are these people really that incompetent? Or was the point along to enrich their friends and cronies?

Along those lines, the Wall Street Journal reports that Iraq war architect Richard Perle is part of a group negotiating a deal to invest in oil fields in . . . wait for it . . . Iraq! This, despite the fact that the Bush administration has argued against any oil deals until Iraq passes a new oil law governing the distribution of resources among Kurdish, Sunni and Shiite regions.

You can find out how much you paid for the Iraq war last year with Progressive Future’s Invest in US Calculator. And while you ponder how much of that money went to enrich KBR, Blackwater, Parsons and the like, you can also see what that money would buy in terms of health care, clean energy and better care for our troops. And when you do, please consider signing our Invest in US petition. We’re planning on  distributing this petition far and wide, from Congress to the Party Platform Committees to the media. It’s time for a new direction for America, where all citizens can be proud of how their tax dollars are spent.

CalPERS: Divest from KBR

(Great work by True Majority and the local grassroots. – promoted by David Dayen)

Hey Calitics members,  

I’m sure many of you have seen the recent spate of stories about KBR on the front page of the NYTimes a couple days ago and the always fantastic coverage over at TPM At TrueMajority.org we’ve been really focused on the contractor accountability side of the War in Iraq and tomorrow are working with Sacramento for Democracy and the Sacramento Coalition to End the War to highlight CalPERS investments in KBR at their monthly board meeting.  

About a month ago, we kicked off this campaign with a simple petition calling on pension funds and retirement accounts to hold KBR accountable for fraud waste and abuse. You can still sign the petition at: http://www.TrueMajority.org/St…  

CalPERS, the public pension and retirement system in California is one of the biggest investors in KBR, owning over $25,000,000 in shares, so our California members went to work making over 200 calls in one day calling on CalPERS to divest from KBR. The calls had a great response and we received a wonderful grassroots suggestion in one of the reports.  

Armando from Kensington, CA reported on his call:  

I called just now, 10:56 a.m., and spoke with a young woman named, Jackie, she did not wish to give her last name to me, which is okay, but I did ask her to convey my concern, as a retiree member of CalPERS, that I heard learned that the company had assets with KBR. I asked to speak with the president of the Board, Ron Feckner, but was informed he and board were not present, but would be available during their board meeting week, June 16-19, in Sacramento. I suggest you get folks to call during that time. I am deeply concerned as a longtime member of CalPERS that my retirmenet funds are being used to underwrite KBR or any company that makes me complicit in the conduct of the war in Iraq, more than I already am as a taxpayer. I intend to talk to individual members of the board, especially the Investment and Investment Policy subcommittee. Thanks for alerting me.

 

Tomorrow, together with Sacramento for Democracy and the  Sacramento Coalition to End the War, we will hold a press conference at 9:30 a.m. and we deliver the petitions to CalPERS at that time. The CalPERS board convenes at 9 a.m. Thursday at the Robert F. Carlson Auditorium, 400 Q Street, in Sacramento.  

If you're in the Sacramento area, please be sure to drop by our event tomorrow:

http://sacramentofordemocracy….

http://www.sacendwar.org/node/234

http://www.indybay.org/newsite…  

And spread the word. Investing public retirement funds in companies that commit fraud and war profiteering is bad for the country and a bad investment decision. The time has come to divest.