Saturday, October 25, 2003

Give 'Til It Hurts -- The Iraqis

So at the Donor's Conference we wanted $56 billion, and got $13 billion. That's still almost a quarter. But wait, nine of the 13 bil is loans, leaving only four billion in actual cash money. That's less than 10 percent. Sure, the lender countries and organizations probably realize they'll never see the money again. But Bush has essentially forced Iraq to take out a loan while Bush decides how the money gets spent.

But it's not all bad news. Seems the the Iraqis have plenty of drain pipe.

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