Nancy Pelosi: “we will soon consider a bill that will provide more than $90 billion for the continued wars in Iraq and Afghanistan and…”

“we will soon consider a bill that will provide more than $90 billion for the continued wars in Iraq and Afghanistan and the continued response to Hurricane Katrina. As we debate this bill, we must also put in place measures to ensure that these funds are spent wisely. As a result of the work of the special Inspector General in Iraq and the General Accountability Office, we know that billions of dollars has been wasted, and fraud and abuse is rife in the Katrina rebuilding and the war in Iraq. One would presume that after being advised that taxpayer money had been misused, Congress would make certain that similar misuse would not occur in the future. Sadly, that presumption would be wrong. Perhaps no failures have been so regular and so great in the Republican Congress as the failure to do effective oversight. Today, we have a chance to reverse this record of lax oversight by allowing the consideration of the Kaptur-Sabo amendment. The amendment would add some strength to an oversight process badly in need of it by: establishing a select committee modeled on the World War II Truman Committee and ensuring that Congress would have a vote on the adequacy of the national security review done on any proposed acquisition by a foreign entity of a business involved in interstate commerce in the United States.…”