Oh...so Iraq is making some money...a budget surplus that they won't spend?

[kevinbgoode]

The Associated Press is reporting:


WASHINGTON - Iraq is not spending much of its own money, despite soaring oil revenues that are pushing the country toward a massive budget surplus, U.S. 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."

Walker and the other auditors did not give a figure for the likely surplus. U.S. officials contend that Iraq's lack of spending is due primarily to Baghdad's inability to determine where its money is needed most and how to allocate it efficiently. Two senators have called for an investigation into the matter.

http://www.msnbc.msn.com/id/23578542

[PDJane]

1. Plus, of course, if they build up the infrastructure,

how long is it going to be before the US or someone else bombs it to hell? I wouldn't spend a nickel until the US was OUT either.