our country is falling apart. OUR PEOPLE need help. sure your king turns around and sends all of us between 300 and 600.00. that won't help us out of our shite holes
Iraq Banks Billions in Surpluses, GAO Says
Nation's Oil Revenue Rising Sharply While U.S. Funds Reconstruction Projects
Washington Post Staff WriterIraq's oil income will more than double this year, even as Baghdad continues to spend only a small percentage of its own money on reconstruction and services while it banks billions in surplus funds, according to projections by U.S. government auditors.
Between 2005 and 2007, only 10 percent of Iraq's expenditures went toward reconstruction, with just 1 percent spent on maintaining U.S. and Iraqi-funded investments in roads, water, electricity and weapons, according to a report released yesterday by the Government Accountability Office. Even when Baghdad has allocated larger sums, the report said, it has spent only a small portion of the budgeted money.
Those trends, which the report said have continued during the first half of this year, are likely to fuel further congressional discontent over ongoing U.S. payments to rebuild Iraq......
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