So let me get this straight. Iraq is sitting on nearly $80 billion in surplus while we spend $48 billion rebuilding their country.
Get a load of that middle America! Your tax dollars at work by the Bush administration. Wave your Americun flags high and proud while your government and President bend you over like a Buffalo Chip dancer!
In one comparison, the United States has spent $23.2 billion in the critical areas of security, oil, electricity and water since the 2003 invasion, the report said. But from 2005 through April 2008, Iraq has spent just $3.9 billion on similar services.
How’s that purple finger feel now?
There is money, from oil revenues (because remember we are paying out the ass for it), sitting in New York banks. Drawing interest. $435 million in interest. All while we run deficit spending to wage this war. I’m not sure how you ‘splain that to Joe Nascar and Sally Minivan, but I sure want to hear John McCain try!
Joseph A. Christoff, director of the international affairs and trade team at the accountability office, said it was fair to say that a shortage of qualified officials in Iraq had diminished the capacity of central ministries to write contracts and carry out rebuilding.
But he said it was also true that with so much American assistance available, the Iraqi government may not have felt much urgency to increase that capacity and spend its own money.
“I think some people would contend that because we have continued to make a sizable investment, there hasn’t been a proper incentive until now for the Iraqi government to make its own investment,” Mr. Christoff said.
We are officially Iraq’s sugar daddy.