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Jay McDonough

Progressive Politics Examiner
Jay began writing politically themed commentary and founded his blog, Swimming Freestyle, in October 2007. Here he'll write about politics from a progressive perspective.

  

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Senate Push Back

May 1, 3:14 PM
 
 
The Senate Armed Services Committee voted unanimously today to limit U.S. investment in Iraqi infrastructure projects:

The Senate Armed Services Committee spoke with one voice Thursday and sent “a loud message to Iraq,” according to Sen. John Warner (R-Va.), that the U.S. is no longer willing to pick up the bill when it comes to costly infrastructure projects.

As part of the Defense authorization bill, the panel unanimously approved a provision that prohibits the Pentagon from paying for infrastructure projects in Iraq that cost more than $2 million.

Committee Chairman Carl Levin (D-Mich.) told reporters: “American taxpayers are paying for too many things here in Iraq that the Iraqis ought to pay for out of their surplus.”

He noted that Iraq exports 2 million barrels of oil per day at current market prices of about $120 a barrel.

“It is unconscionable, it is inexcusable, it makes no common sense for a country that has that kind of wealth and that kind of surplus in our banks and their banks to be sending us the tab or for us to pay the tab for the infrastructure and some of the training costs that we're now paying for.”

The Iraqi government is purported to have a budget excess of $25B.  Oil revenue for 2007-2008 is expected to be >$100B.

"This nation's facing record deficits, and the Iraqis have translated their oil revenues into budget surpluses rather than effective services," Rep. Ike Skelton of Missouri, the Democratic chairman of the House Armed Services Committee, said Wednesday. (Link)


Topics: Iraq War
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