Iraq Has an 80 Billion dollar surplus?

WASHINGTON (CNN) — Iraq is raking in more money from oil exports than it is spending, amassing a projected four-year budget surplus of up to $80 billion, U.S. auditors reported Tuesday.

  Holy shit!  People are losing their homes, Gas is through the roof and the United States has the largest deficit ever.  Enough is enough and I want to hear this from the candidates for the Presidency.  What are they going to do to stop my hard earned dollars from going over to that hell hole and help put food on my table.

  Ok, now let me get going here…..What the hell are they doing with their money anyway?  Why don’t they put some damn plumbing in their homes?  Why don’t they grow some grass and trees?  Why don’t they build a sewer system so they don’t die from disease?  They obviously are not spending their money to make life easier over there. 

  When I look at pictures of Iraq all I see is a dessert with some nasty buildings.  I also have been told stories from people who have just come home from serving there.  They obviously are way behind modern society.  Why not take some money and put it into the way of life?

  What about taking that $80 million and give it back to the US tax payers?  I would love to spend some money on some bills.  I would love to spend less money on taxes. 

 Report: U.S. ‘wasted’ $560 million on Iraq repairs

Levin, a Michigan Democrat, has been an outspoken critic of the slow progress of reconstruction and an advocate of a U.S. withdrawal from Iraq. His criticism Tuesday was echoed by Sen. John Warner, a Virginia Republican who is the former chairman and now a leading member of Levin’s committee. 

“Despite Iraq earning billions of dollars in oil revenue in the past five years, U.S. taxpayer money has been the overwhelming source of Iraq reconstruction funds,” Warner said in a joint statement with Levin. “It is time for the sovereign government of Iraq, using its revenues, expenditures and surpluses, to fully assume the responsibility to provide essential services and improve the quality of life for the Iraqi people.”

In its written response to the audit report, the Treasury Department said U.S. officials are working with Iraqis to address the issue, “and we believe progress is being made.”  “The report shows Iraq’s budget surplus is likely to grow significantly over the course of 2008, but it is equally important to realize that spending in Iraq is also increasing,” Deputy Assistant Treasury Secretary Andy Baukol wrote to the GAO.  To read more go to CNN!

What are your thoughts?