THE EFFICIENCY OF PRIVATIZATION

The AP reports on something to keep in mind when the Bushies trot out their "ownership society":

A third or more of the government property Halliburton Co. was paid to manage for the U.S.-led Coalition Provisional Authority in Iraq could not be located by auditors, investigative reports to Congress show.

Halliburton's KBR subsidiary ''did not effectively manage government property'' and auditors could not locate hundreds of CPA items worth millions of dollars in Iraq and Kuwait this summer and fall, Inspector General Stuart W. Bowen reported to Congress.

Remember, in the early days of the Iraq invasion, when we were told that Cheney's Halliburton was handed all of those no-bid contracts because it was the only company that capable of handling the scope of the post-war reconstruction?

I'm pretty sure that I could have lost that government property for just a fraction of what KBR charged.