- Jan 20, 2001
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and give Bush whatever he wants
One more thing . . . it is unlikely Iraq will pump more than 2m bpd this year. Best case scenario is that after investing another $5-10B in oil infrastructure alone (barring any further interruptions), Iraq might be able to pump 4-6m bpd within 2 years ($120-$160M/day). How much will be leftover once Iraq finishes rebuilding/supporting its physical infrastructure and establishing systems of universal healthcare and education?
Pretty soon we will be talking about real money . . .WASHINGTON (Reuters) - Republicans in Congress said on Monday that they will work quickly to send President Bush (news - web sites) the $87 billion he wants
Congress approved $79 billion largely for Iraq in April, but that money has been quickly depleted amid rising violence against U.S. troops and pressing needs to provide basic services to the Iraqi people. The latest bill would push the deficit for the 2004 fiscal year that begins Oct. 1 past $500 billion, by White House calculations.
Pelosi guarding the Treasury is like Bush protecting the environment . . .House Minority leader Nancy Pelosi, a California Democrat, said Congress will provide U.S. troops with "whatever resources they need to accomplish their mission," but that Bush's spending request on rebuilding Iraq "will be subjected to a higher level of scrutiny."
What kind of Enron ponzi scheme is he suggesting?! We picked the governing counsel . . . it has no authority to promise to repay the US by using a resource that belongs to people of Iraq. Last time I checked there was a line around the block of countries and companies with legitimate claims against Iraq (Iran, Kuwait, Saudi Arabia . . . not to mention outstanding loans). I guess the US is a preferred-stock investor so we can step to the head of the queue.Idaho Republican Sen. Larry Craig (news, bio, voting record) said he hoped Washington will find a way make a chunk of the funding "in the form of loans to the new government of Iraq that can be reimbursed with oil money" once Iraq is stabilized
One more thing . . . it is unlikely Iraq will pump more than 2m bpd this year. Best case scenario is that after investing another $5-10B in oil infrastructure alone (barring any further interruptions), Iraq might be able to pump 4-6m bpd within 2 years ($120-$160M/day). How much will be leftover once Iraq finishes rebuilding/supporting its physical infrastructure and establishing systems of universal healthcare and education?
Yes but I bet Bush is praying to Jesus Christ (our Lord and Savior) for guidance. My best guess is that Jesus will recommend a tax cut and slashing non-military discretionary funding plus a major scaleback in the federal role in Medicare and Medicaid.Sen. Patrick Leahy (news, bio, voting record), a Vermont Democrat, said Bush was treating Congresa and taxpayers "like some sort of ATM machine," and said he offerd no plan to deal with security problems and turn over responsibility to the Iraqi people.