Things that make you go, “Hmmm….”
August 5th, 2008 by grumpypilgrimI thought this was interesting…while America drowns in red ink from a combination of Bush tax cuts and the money pit known as Iraq, Iraq has been racking up nice profits from selling all that oil they have. This year’s spike in oil prices has been especially good for Iraq — according to this website, they’re on track to have a budget surplus of more than $50 billion by year’s end. By contrast, America faces an estimated budget deficit of more than $400 billion for 2008, which includes this year’s portion of roughly $50 billion the U.S. has paid since 2003 to help stabilize and rebuild Iraq.
August 5th, 2008 at 8:42 pm
Maybe we can borrow some of that Iraqi money so that we can buy lots of Iraqi oil for our SUV’s. If you live in a world where evidence is irrelevant (such as the Bush Administration), problem solved!
August 6th, 2008 at 3:26 pm
Situations like this highlight the true problem with the so-called “war on terror”: like the so-called “war on drugs,” Americans are funding both sides of the battle, so losing the war is virtually inevitable. “Victory” will only occur when we stop funding one side.