irregular times arrow pathsIt is a time of fear in the face of freedom, a time for the widening of previous roads and the opening of new paths, a time of an emptying country and swelling cities, yet a time when these paths are mined by knowing algorithms of the all-seeing eye. It is the time of the warrior's peace and the miser's charity, when the planting of a seed is an act of conscientious objection.

These are the times when maps fade and direction is lost. Forwards is backwards now, so we glance sideways at the strange lands through which we are all passing, knowing for certain only that our destination has disappeared. We are unready to meet these times, but we proceed nonetheless, adapting as we wander, reshaping the Earth with every tread. Behind us we have left the old times, the standard times, the high times. Welcome to the irregular times.


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Wednesday, August 6th, 2008

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Can Iraq Start Paying Us Back Now?

Filed under Economy, War and Peace by Truman at 7:41 am

Remember the Republican promises of 2002 and 2003? Deputy Secretary of Defense Paul Wolfowitz testified before Congress that the American people would not lose any money on the proposed invasion of Iraq. The war would pay for itself, he said, because Iraq would be so grateful for its liberation that it would give the United States its oil revenues, which would more than compensate for any expense.

Republicans across America, both in and out of government, repeated Wolfowitz’s promise. That didn’t make the promise a reality, however. The American people have now lost more than a half a trillion dollars on the Iraq War, and the government of Iraq hasn’t given any money from its oil revenues back to us.

Well, the Government Accountability Office has just released a report indicating that the government of Iraq has had a budget surplus for a few years now. At the same time, the United States has a record breaking budget deficit.

That Iraqi budget surplus just keeps on growing and growing. The GAO estimates that the Iraqi surplus will be “between $38.2 billion to $50.3 billion.”

So, when can we expect to see some of that money from the Iraqis to help pay for the cost of the war?

Read the full GAO report.


1 Comment »

  1. It will never happen. In fact, we’ll be lucky if they don’t turn around and sue us for even more money for war crimes, breech of contract (what ever happened to all those reconstruction projects we paid all those billions for?) and the Blackwater misdeeds, among others.

    Comment by Tom — 8/6/2008 @ 4:45 pm

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