When will Iraq start paying for its own reconstruction?

By
Real Estate Agent with Windermere Real Estate - Palm Springs CalBRE# 01339266

Today CNN reported that Iraq is making windfall profits because of the high price of oil.

"Iraq is raking in more money from oil exports than it is spending, amassing a projected four-year budget surplus of up to $80 billion" U.S. auditors reported, according to CNN.

If Iraq is in fact making these huge profits, why aren't these profits being used to fund their own reconstruction program? And weren't we told by the Bush Administration that the war would be paid for by Iraq with it's own oil profits? Admittedly, that was said when the administration said the war was going to cost $80 Billion.

"We should not be paying for Iraqi projects while Iraqi oil revenues continue to pile up in the bank, including outrageous profits from $4-a-gallon gas prices in the U.S.," said Sen. Carl Levin, the chairman of the Senate Armed Services Committee.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Groups:
Politics And Real Estate
Out Of The Box!
Almost Anything Goes
Dissent
Wrong Right Turn
Tags:
politics
power
finance

Comments 10 New Comment

Rainmaker
215,994
Don Davies, GRI "AshevilleRealEstateTrends.com"
"Realsearch" and Agent Referrals in Asheville NC
Don Davies Real Estate/REALSEARCH/Asheville, NC

Maybe they could start something called ActiveSands and get their people to write about the great experiences they have had since we got there, and especially about the wonderful lives they had before we got there.

Then we they do have some semblance of their clearly defined areas, counties, and cities, they could then start Civilizedism.com.

Then they could have off-shoot groups that talk about something off topic.

August 07, 2008 10:43 AM
Rainer
84,795
Rick Tourgee
Provincetown and Cape Cod
Robert Paul Properties, Inc.

I am right along with Anthony's comment that we are the ones who went their uninvited and tore apart their country......especially when we all wonder the true reasons why are there and whether we should have even attacked.

August 08, 2008 07:54 AM
Rainer
20,452
Jennifer Monastero
The Matchmaker

Stewart- I just got an update. Iraq is scheduled to start paying for their own reconstruction in 2013, around the same time that we will stop blowing the country up. Coincidence? I think not.

August 09, 2008 09:23 PM
Rainmaker
123,302
Tchaka Owen
Keller Williams Realty

Maybe they can hire mercenaries to fight against the current mercenaries in Iraq who lack a code of conduct.  A call to Executive Outcomes might be in order.

August 09, 2008 09:43 PM
Rainmaker
110,192
Jane Wallace
CRS | SRES, Denver Real Estate
ERA Herman Group Real Estate

I like Don's comment, very right on.

August 10, 2008 11:44 AM
Rainmaker
473,563

Palm Springs Realtor Stewart Penn

Windermere Real Estate - Associate Broker
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

var _clustrmaps = {'url' : 'http://pennpropertiesla.com', 'user' : 942719, 'server' : '4', 'id' : 'clustrmaps-widget', 'version' : 1, 'date' : '2011-10-15', 'lang' : 'en', 'corners' : 'square' };(function (){ var s = document.createElement('script'); s.type = 'text/javascript'; s.async = true; s.src = 'http://www4.clustrmaps.com/counter/map.js'; var x = document.getElementsByTagName('script')[0]; x.parentNode.insertBefore(s, x);})();Locations of visitors to this page