Well, it’s not $100B, as some are saying. But there are some reports that peg Iraq’s war torn economy with a surplus of $100B:
From CBS News:
Iraq could finish the year with as much as a $79 billion cumulative budget surplus as oil revenues add to leftover income the Iraqis still haven’t spent on national rebuilding, according to a report by the Government Accountability Office made public Tuesday.
Technically, I would not trust the GAO, these are the same people that said the war would pay for itself and cost a paltry $50-60B, after all.
It has now cost nearly $600B… and adding $12B per month! See this tracker for the rising cost.
The $100B figures you hear are in fact cumulative 2007 and 2008 oil revenues, with a surplus of around $6.5B, according to this CNN article, and the following comments: Last week, Sens. Carl Levin, a Democrat, and John Warner, a Republican, asked GAO to investigate what Iraq is doing with its oil revenue. The senators estimated that Iraq will realize “at least $100 billion in oil revenues in 2007 and 2008.”
Any way you dice it, America is being fleeced, and it only has itself to blame, see more in this video:
Digg this Blog
Share on Facebook
WatchMojo on Twitter
WatchMojo on YouTube
Add to Favorites
WatchMojo NewsletterThis might be the best description of John McCain’s choice for VP:
For a man who is 72 years old and has had four bouts with cancer to have chosen someone so completely unqualified to become president is shockingly irresponsible. Suddenly, McCain’s age and health become central issues in the campaign, as does his judgment.
In choosing this featherweight, McCain passed over Tom Ridge, a decorated combat hero, a Cabinet secretary and the former two-term governor of the large, complex state of Pennsylvania.
He passed over Mitt Romney, who ran a big state, Massachusetts; a big company, Bain Capital; and a big event, the Olympics.
He passed over Kay Bailey Hutchison, the Texas senator who is knowledgeable about the military, good on television, and — obviously — a woman.
He passed over Joe Lieberman, his best friend in the Senate and fellow Iraq Kool-Aid drinker.
He passed over former congressman, trade negotiator and budget director Rob Portman.
And he also passed over Mike Huckabee, the governor of Arkansas.
For months, the McCainiacs have said they will run on his judgment and experience. In his first presidential decision, John McCain has shown he is willing to endanger his country, potentially leaving it in the hands of someone who simply has no business being a heartbeat away from the most powerful, complicated, difficult job in human history.
