Here’s an oldie but goodie — State Dept. contracts to rebuild Iraq are vulnerable to billions in waste, fraud and abuse. The Wall Street Journal’s August Cole relays an Iraq special inspector general report that police training by Virginia-based company DynCorp is not being adequately monitored by State Dept. personnel and that sloppy invoices mean that over $2.5 billion is vulnerable to waste.

DynCorp has won State Dept. contracts since 2004 to train Iraq police forces. And while the end might be in sight for military combat in Iraq (2011), there is no withdrawal deadline for State Dept. contractors. In fact, the IG report says security costs could quadruple in 2011.

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