Rising Hegemon
While the United States has a hefty-deficit that will lead to someone, not the wealthy mind you, being punished, Dan Froomkin notes that the source of much of that deficit is going along swimmingly when it comes to money:
The [GAO] report makes a direct link between U.S. government spending -- including $642 billion on U.S. military operations there and $24 billion for training and equipping the Iraqi security forces -- and Iraq's cumulative surplus of $52.1 billion through the end of 2009.
For comparison purposes, Iraq's annual gross domestic product is $65.8 billion. Meanwhile, the U.S. national debt has soared from $6.4 trillion to $13.4 trillion since former president George W. Bush invaded Iraq and decided to borrow the money for wars and slash taxes.
Awesome!
4 comments:
I'll settle for Little Boots and Darth Cheney working off the bill at an Iraqi homeless shelter.
Or standing in the dock at the Hague.
[Let me have my dreams.]
Hmmmm. Iraq has a surplus almost equal to its GDP.
I wonder what Alan Greenspan would say about that disturbing financial reality?
A.J.
georgee + dickie SHOULD be homeless.
see how long cheeney stays out of hell.
pansypoo
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