http://www.nytimes.com/2004/09/14/politics/14funds.htmlSeptember 14, 2004
THE BILLIONS
A Plan to Switch Money to Make Iraq Safer
By REUTERS WASHINGTON, Sept. 13 (Reuters) - Faced with mounting violence in Iraq, the Bush administration plans on Tuesday to propose shifting $3.46 billion from Iraqi water, power and other reconstruction projects to improve security, increase oil output and prepare for elections scheduled for January.
Congressional sources briefed on the plan on Monday said it cleared the way for President Bush to forgive 95 percent of Iraq's prewar debts to the United States. Those debts total about $4 billion.
The proposed changes, which will require Congressional approval, reflect a realization within the administration that without better security, long-term rebuilding is impossible.
Of the more than $18 billion approved for Iraq's reconstruction, only about $1 billion has been spent so far.
:::snip:::
So, where's the rest of the money gone (
other than into the pockets of Halliburton's executives)?