Wednesday, August 06, 2008
Iraq Runs 79 Billion Dollar Surplus While USA Runs Record Deficit
Are we the only ones who find this rather bizarre? While the USA under Bush is running a record-setting deficit this year, the Iraqi government is set to run a 79 billion dollar surplus. Of course one reason why they are running this surplus is that we are paying for a significant amount of their reconstruction.
At the start of the run-up to the Iraq War, Colin Powell was reported to have told Bush that "Pottery Barn rules will apply. If you break it, you pay for it." So, on the one hand, if you invade a country under false premises, remove its government, and, in the process destroy a lot of its infrastructure, then maybe you should pay for its reconstruction. On the other hand, its their country, so shouldn't the Iraqis use some of their oil money to pay for part of their own country's reconstruction? Just one more example of how hard-working Americans are having their tax money hi-jacked by this Republican administration.