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Iraq Posting Massive Surplus Thanks To U.S. Taxpayers

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babsbunny Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 07:37 PM
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Iraq Posting Massive Surplus Thanks To U.S. Taxpayers
Iraq Posting Massive Surplus Thanks To U.S. Taxpayers

http://www.huffingtonpost.com/2010/09/13/us-tax-dollars-funding-ma_n_714893.html

Even as the United States has been borrowing trillions to pursue its wars in the Middle East, the government of Iraq has posted a tidy surplus, according to a new Government Accountability Office report.

The report makes a direct link between U.S. government spending -- including $642 billion on U.S. military operations there and $24 billion for training and equipping the Iraqi security forces -- and Iraq's cumulative surplus of $52.1 billion through the end of 2009.

For comparison purposes, Iraq's annual gross domestic product is $65.8 billion. Meanwhile, the U.S. national debt has soared from $6.4 trillion to $13.4 trillion since former president George W. Bush invaded Iraq and decided to borrow the money for wars and slash taxes.
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USArmyParatrooper Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-13-10 07:44 PM
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1. Much, if not all of that will go away when US forces are totally gone.
DoD and the State Department don't only hire contractors from western countries, they also Iraqi contractors as well as Iraqi employees on their FOBs. Iraqis also have various retail shops on our bases.
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