gonzo liberal's Left Hook

[ Monday, September 01, 2003 ]


what happened to all that oil revenue that was supposed to finance the rebuilding???

Star Telegram | 08/31/2003 | Iraq rebuilding to cost U.S. taxpayers billions


"Contrary to what Deputy Defense Secretary Paul Wolfowitz told a Senate committee at the start of the war, the reconstruction of Iraq won't be financed almost completely by Iraqi oil revenue.

Because of looting and continued sabotage, Iraq isn't exporting nearly as much oil as had been expected this year, contributing to the deficit in the current $8 billion spending plan. Administration officials projected oil revenue to be $3.45 billion this year, but it will be closer to $2.2 billion, budget documents show"

gonzoliberal [10:25 AM]