[Note: The $12 million per day number is a whitewash lowball number - staggering nonetheless.]

Quote of the day comes from Senator Claire McCaskill, in summing up the situation in Iraq:

“Contracting was out of control. It was the wild, wild West. There was no competition. There was money being wasted. There were pallets of money disappearing. There were things being built that weren’t even functioning.”

Stat of the day comes from the congressional Commission on Wartime Contracting:

$3 of every $10 that U.S. taxpayers spent on wartime contracting over the last decade went up in smoke due to waste and fraud.

McCaskill: Fraud and waste in Iraq and Afghan wars are stunning

Shortly after arriving in Washington in 2007, Sen. Claire McCaskill of Missouri knew the government’s practice of hiring private contractors could be a source of wasted tax dollars and even fraud.

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