I am against privatization of government agencies. We need a separation of corporation and state. When we have an unholy union between big government and big business, we have rampant corruption.
In the case of Iraq, private contractors were paid ungodly sums of money for doing the work that the military should have been doing. The “no bid” contracts being awarded to such corporations as Blackwater and Haliburton involved the transfer of public moneys into the hands of private companies in obscene $ amounts.
This Iraq War contributed to the squandering of the U.S. Treasury. George W. Bush turned the budget surpluses of the Clinton Administration into budget deficits. A good portion of that public money went into the pockets of the war profiteers.
Read about the aftermath of the Iraq War in the following link.