Senators: Where is Iraq’s oil money going?

CNN

03/09/08

Two senators are asking congressional investigators to look at Iraq’s oil revenues and see if the war-ravaged nation can pay for its own reconstruction, an effort that has been bankrolled to this point mostly by U.S. taxpayers. Carl Levin, D-Michigan, and John Warner, R-Virginia, said in their Friday letter to the Government Accountability Office that Iraq has ‘tremendous resources’ in banks worldwide but is doing little to improve security and reconstruction efforts...

//tinyurl.com/3754jh



Iraq costs US $12 billion per month

Iowa City Press-Citizen

03/09/08

The flow of blood may be ebbing, but the flood of money into the Iraq war is steadily rising, new analyses show. In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the ‘burn’ rate of its earliest years, Nobel Prize-winning economist Joseph E. Stiglitz and co-author Linda J. Bilmes report in a new book. Beyond 2008, working with ‘best-case’ and ‘realistic-moderate’ scenarios, they project the Iraq and Afghan wars, including long-term U.S. military occupations of those countries, will cost the U.S. budget between $1.7 trillion and $2.7 trillion — or more — by 2017...

//tinyurl.com/3853co


Informant: Thomas L. Knapp

--------

Iraqis Pay?

The Arrogance of the USA

By Enver Masud

The war ended with the toppling of Saddam's statue, the Iraqis want them out, and now the occupiers, having destroyed much of Iraq, have the arrogance to ask Iraqis to pay for the occupation and reconstruction.

//www.informationclearinghouse.info/article19779.htm



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