THANK YOU U.S. TAXPAYERS: Iraq Has A Budget Surplus

[Me.]

“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.

The GAO report concludes with an understated recommendation that "Congress may wish to consider Iraq's available financial resources" when reviewing future funding requests to support the Iraqi security forces..”…cont…

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

[xchrom]

1. Recommend

[OnyxCollie]

2. K&R. nt

[MichiganVote]

3. Need any more proof we're led by a bunch of morons?

[Hannah Bell]

5. it's called offshoring money. we're the morons.

[fascisthunter]

9. nah... not morons, but crooks

[elehhhhna]

4. they also have Nationalized Heath Care.

go figure.

[SammyWinstonJack]

6. Grrrr

:grr:

[Canuckistanian]

7. I find it hard to believe

That an oil producing country would have long-term problems with financial stability. Cash is FLYING through Iraq on a daily basis.

GOOD FOR THEM. They're FINALLY profiting on their own natural resources.

Now, the only question remains - how will this wealth be distributed?

And before someone DARES to say "Well, America SAVED them, so they OWE US", let me say, tough shit.

America owed Iraq for needlessly and recklessly invading their country, killing 1 million people, making many millions more refugees and torturing their people. That ALONE should be worth a few billion.

Rant over.

[fascisthunter]

8. yet we talk about making cuts to social security

how warped is that?

[MichiganVote]

10. And Medicaid, and state and city gov't, and education, and our roads....