Article

2008-08-05 Iraq

Iraq Government Has $79 Billion in Unspent Cash

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Posted by GolfBravoUSMC 2008-08-05 14:31|| || Front Page|| [11133 views ] Top

#1 Somewhere, Kofi Annan drools...

Posted by tu3031 2008-08-05 14:53|| 2008-08-05 14:53|| Front Page Top

#2 Maurice Strong too.

Posted by anonymous5089 2008-08-05 15:19|| 2008-08-05 15:19|| Front Page Top

#3 "It is inexcusable for U.S. taxpayers to continue to foot the bill for projects the Iraqis are fully capable of funding themselves. We should not be paying for Iraqi projects, while Iraqi oil revenues continue to pile up in the bank," Mr. Levin said.

Congressional speak for "How dare they show restraint in face of an uncertain future with one major American presidential candidate vowing to leave them adrift on their own in a matter of months. They should be running deficits like the rest of us here in Washington regardless of common sense."

Posted by Procopius2k 2008-08-05 15:35|| 2008-08-05 15:35|| Front Page Top

#4 They just $10 billion of it buying US weapons.

Posted by ed 2008-08-05 15:37|| 2008-08-05 15:37|| Front Page Top

#5 And the rest buying Chinese weapons.

Posted by bigjim-ky 2008-08-05 16:00|| 2008-08-05 16:00|| Front Page Top

#6 Looks like oil closed at $118.61 today, still a glut for them.

Posted by bigjim-ky 2008-08-05 16:02|| 2008-08-05 16:02|| Front Page Top

#7 Right now, Iraq still has a huge international debt that needs to be paid off, billions more dollars of military and police hardware that needs to be purchased, including an air force, and major economic recovery. Once those are done, they can start rebuilding their infrastructure.

If there is a war with Iran, the Persian Gulf will be pretty inaccessible for a while, and Iraq will have to live off the money they have in the bank right now for weeks or months.

Posted by Anonymoose 2008-08-05 17:30|| 2008-08-05 17:30|| Front Page Top

#8 Still it would be nice to throw a couple Uncle Sugar's way - you know - to say thanks.

Posted by Hellfish 2008-08-05 19:04|| 2008-08-05 19:04|| Front Page Top

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