Senate Committee Seeks Audit of Iraq Oil Money

[spanone]

ooh this could be good

~snip~ Two senior members of the Senate Armed Services Committee have requested a full accounting of how Iraq is spending its soaring oil revenue, amid starkly conflicting estimates of how much the country has invested in rebuilding its broken infrastructure and providing basic services to its citizens.

The request, sent Friday to David M. Walker, the top official at the United States Government Accountability Office, estimates that Iraqi oil revenue could skyrocket above $56 billion in 2008, largely because of the rising price of oil.

That enormous influx of cash comes as the United States has been reducing spending on the reconstruction effort. Since the invasion in 2003, the United States has invested close to $50 billion in reconstruction, but the effort has achieved at best mixed results when measured by improvements in the lives of Iraqi citizens.

http://www.nytimes.com/2008/03/09/world/middleeast/09iraq.html?sq=iraq&st=cse&scp=1&pagewanted=print

[madokie]

1. as if either rebuilding the infrastructure or providing basics services would mean anything

bushco will only destroy it as soon as it is finished if not before. The Iraqi must come to terms with the loss of their oil and go ahead a sign it over to the cabal if they ever want anything like a normal life. Sad huh.