Wednesday, March 12, 2008

Iraq Has Too Much Money: Can't Figure Out How to Spend It

Just after we learned that the Bush/Cheney War on Iraq is costing the tax payers $12 billion a month, we read this from the AP:

WASHINGTON (AP) — Iraq isn't spending much of its own money, despite soaring oil revenues that are pushing the country toward a massive budget surplus, auditors told Congress on Tuesday.

The expected surplus comes as the U.S. continues to invest billions of dollars in rebuilding Iraq and faces a financial squeeze domestically because of record oil prices.
"The Iraqis have a budget surplus," said U.S. Comptroller General David Walker. "We have a huge budget deficit. . . . One of the questions is who should be paying."

Funny stuff, as always. But nobody cares except a few folks who may read this.

Lefty Blogs