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Old 08-08-2008, 02:43 PM
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Default Time for Iraq to Pay the Bill

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It has been five years since Paul Wolfowitz, the former deputy defense secretary, offered his infamous assurance that Iraq would be able to finance its own reconstruction “relatively soon.” Now, finally, part of that prediction has come true. Iraq is awash in oil money. But it is still not spending it on reconstruction.

Federal analysts reported Tuesday that the oil market has produced a bonanza for Iraq, which has the third-largest reserves in the world. The report, by the Government Accountability Office, said that from 2005 to the end of this year, Iraq is expected to have earned at least $156 billion in oil revenues and amassed a budget surplus that could go as high as $79 billion. Roughly $29 billion of that surplus is piling up in Iraqi banks as well as in a fund at the Federal Reserve Bank of New York that was supposed to be used for Iraqi development.

In truth, Iraqis have had little incentive to spend their own money given the willingness of the United States Congress to keep writing blank checks for President Bush’s disastrous adventure there.
Congress has appropriated $48 billion for rebuilding in Iraq since 2003 and committed all but $6 billion of that amount, mostly for oil, electricity, water and security projects.
You can read the entire piece at: Editorial - Time for Iraq to Pay the Bill - Editorial - NYTimes.com

I agree with this editorial. To those who say that we destroyed Iraq and should pay for its reconstruction, I remind them that we have already spent many billions. And I also want to use the analogy of 911: the vast majority of terrorists who destroyed the WTC and part of the pentagon were Saudis, yet I didn't see the Saudi government give us any money for reparations, and I didn't see any groups here demanding that they do so.

Since we have already spent so much in Iraq, and our economy is going down the tubes while Iraq's is flourishing, it's time to cut the apron strings and allow Iraq to either sink or swim on its own. There is no good reason to squander any more of our nation's resources there. We've done enough.
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Old 08-08-2008, 02:55 PM
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It is obscene for the Iraqi government to be putting oil revenue funds into their savings account when most of Iraq does not have adequate public utilities. Electricity is typically on a couple of hours a day in the early evening. Running water and drinking water are inadequate. Sewage and garbage removal is inadequate.

I am totally unimpressed while this low standard of living is maintained on the one hand while the government piles up tens of billions of dollars. And it is all because they are still bickering about how to share the revenues fairly between provinces.
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Old 08-08-2008, 03:36 PM
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Originally Posted by Michael View Post
It is obscene for the Iraqi government to be putting oil revenue funds into their savings account when most of Iraq does not have adequate public utilities. Electricity is typically on a couple of hours a day in the early evening. Running water and drinking water are inadequate. Sewage and garbage removal is inadequate.
Can't force people to be intelligent. If the Iraqi government doesn't want to spend on its citizens, it doesn't have to. In fact, there are plenty on this forum who dislike spending on people's welfare...

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I am totally unimpressed while this low standard of living is maintained on the one hand while the government piles up tens of billions of dollars. And it is all because they are still bickering about how to share the revenues fairly between provinces.
Wait.....are you talking about Iraq or America...?
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Old 08-08-2008, 04:18 PM
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As long as the US is stupid enough to foot the bill, why shouldn't Iraq take advantage?
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Old 08-08-2008, 04:28 PM
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Now they have the money to do it themselves, this is the perfect opportunity for us to leave. Why don't we take advantage of that?
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Old 08-08-2008, 06:31 PM
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Now they have the money to do it themselves, this is the perfect opportunity for us to leave. Why don't we take advantage of that?
...because too many people are making money off of our presence and our throwing money there. GRR.
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Old 08-09-2008, 09:00 AM
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Originally Posted by Skerlnik View Post
Can't force people to be intelligent. If the Iraqi government doesn't want to spend on its citizens, it doesn't have to. In fact, there are plenty on this forum who dislike spending on people's welfare...

Wait.....are you talking about Iraq or America...?

I don't consider public utilities welfare. It is infrastructure. Yes, America needs to be spending on our own infrastructure in of Iraq's. Our bridges ae collapsing, hundreds evaluated as unsafe, and we are on the other side of the planet building bridges for the Iraqis with money we borrowed from countries like China and Saudi Arabia.

No, we do not have a surplus like Iraq. We are headed quickly toward a $10 trillion national debt and longterm unfunded fiscal commitments of over $60 trillion.
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Old 08-09-2008, 09:39 AM
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Quote:
Originally Posted by Lumara View Post
Since we have already spent so much in Iraq, and our economy is going down the tubes while Iraq's is flourishing, it's time to cut the apron strings and allow Iraq to either sink or swim on its own. There is no good reason to squander any more of our nation's resources there. We've done enough.
I don't know whom you are blaming? US, Iraqi Government or the Iraqi People?

I'd like to blame everybody.......

it is hard to me to say that: but I blame the Iraqi People (My people) for following Religious Leaders who led Iraq into sectarian violence and almost civil war.

I blame the Iraqi Government for being -NOT IRAQI-

I blame America, for screwing up deeply..........US Army screwed up sh*t in Iraq- of course not the soldiers but the Generals and Ramsfilled-
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Old 08-09-2008, 09:43 AM
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Tut tut. It's not a governmental thing. The US government is acting at the behest of oil companies. The costs are borne by the US taxpayer, the oil companies are laughing all the way to the bank.
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Old 08-09-2008, 10:05 AM
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Quote:
Originally Posted by Lumara View Post
You can read the entire piece at: Editorial - Time for Iraq to Pay the Bill - Editorial - NYTimes.com

I agree with this editorial. To those who say that we destroyed Iraq and should pay for its reconstruction, I remind them that we have already spent many billions.
And you have to spend many more billions to fix what you destroyed. Do you want to be like the chinese who execute prisoners, then send their families a bill for the bullets?

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Originally Posted by Lumara View Post
And I also want to use the analogy of 911: the vast majority of terrorists who destroyed the WTC and part of the pentagon were Saudis, yet I didn't see the Saudi government give us any money for reparations, and I didn't see any groups here demanding that they do so.
Since the Saudi government didn't do it, you have no claim against them.


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Originally Posted by Lumara View Post
Since we have already spent so much in Iraq, and our economy is going down the tubes while Iraq's is flourishing, it's time to cut the apron strings and allow Iraq to either sink or swim on its own. There is no good reason to squander any more of our nation's resources there. We've done enough.
No you haven't. You bombed it, you fix it.
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