We broke it, You pay? Playing Politics With Iraqi Oil Money

US Senators Want Iraq to Spend Oil Revenue on Reconstruction

Higher oil earnings could give the government in Baghdad a budget surplus of up to $50 billion - a windfall that has been noticed by senior senators in both U.S. political parties.

//www.voanews.com/english/2008-08-06-voa53.cfm?rss=topstories


From Information Clearing House

--------

Playing Politics With Iraqi Oil Money

Truthout's Matt Renner reports: "Republicans and Democrats have been in an uproar over a new report that examines the amount of money the government of Iraq has been taking in and where they have been spending it. However, according to a leading Iraq economy scholar, the report is being misinterpreted and the political fall-out could be extremely harmful. The Government Accountability Office (GAO) report, released on Tuesday, shows that the government of Iraq has spent less money than the United States in reconstructing vital infrastructure despite a growing surplus in Iraq's treasury.... Antonia Juhasz, a fellow with Oil Change International and author of the forthcoming book 'The Tyranny of Oil,' takes issue with many conclusions being drawn from the GAO report. 'Pinning the failure of reconstruction and the poor functioning of the Iraqi government on the Iraqi government is obscene,' Juhasz told Truthout."

//www.truthout.org/article/playing-politics-with-iraqi-oil-money



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