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When The Messiah Comes

Money & Finance > Iraq Dupes America
 

Iraq Dupes America


Iraq
Has a Budget Surplus We do Not

As Iraq
Surplus Rises, Little Goes Into Rebuilding


By JAMES GLANZ and CAMPBELL ROBERTSON

NYTIMES

Soaring oil prices will leave the Iraqi government with a
cumulative budget surplus of as much as $79 billion by year’s end, according to
an American federal oversight agency. But Iraq has spent only a minute
fraction of that on reconstruction costs, which are now largely borne by the United States.

posted on Aug 6, 2008 12:06 AM ()

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