Re:Contracting Oversight-Need To Be Careful With Taxpayer's Money

We owe it to the American taxpayers to be careful stewards of their money. There are serious questions about how the reconstruction and other funds have been managed in Iraq, and to address these concerns it makes sense to set up a special bipartisan Senate committee to examine the spending, uncover any possible fraud, waste, or abuse, and put an end to it.

As part of the original appropriation for Iraq's reconstruction, I proposed making part of the appropriation a loan to be repaid to the taxpayers of America. That provision won Senate support but was stripped during conference negotiations. We are now approaching the $400 billion mark for costs associated with the war in Iraq and Afghanistan. Having some of that repaid by the Iraqi government would have reduced the burden on American taxpayers.