Government contracts worth over $762 billion for initiatives like homeland security, Iraq reconstruction, and Hurricane Katrina recovery have been plagued by significant fraud, waste, abuse, and mismanagement under the Bush Administration. And it’s not hard to see why.

Under the Bush Administration and Republican Congress, no-bid contracts have been the rule, not the exception, and well-connected contractors with poor performance have received large award fees. Abuse prone cost-plus contracts have given contractors little or no incentive to control costs. And “layer cake