2008.08.07: August 7, 2008: Headlines: Iraq: Figures: COS - Nepal: Politics: Congress: Eagle Newspapers: Jim Walsh calls upon Iraq to return the approximately $48 billion in American taxpayer money that was provided for rebuilding the war-torn country

Peace Corps Online: Directory: Nepal: RPCV James Walsh (Nepal) : RPCV James Walsh: Newest Stories: 2008.08.07: August 7, 2008: Headlines: Iraq: Figures: COS - Nepal: Politics: Congress: Eagle Newspapers: Jim Walsh calls upon Iraq to return the approximately $48 billion in American taxpayer money that was provided for rebuilding the war-torn country

By Admin1 (admin) (70.135.11.140) on Friday, August 22, 2008 - 10:31 am: Edit Post

Jim Walsh calls upon Iraq to return the approximately $48 billion in American taxpayer money that was provided for rebuilding the war-torn country

Jim Walsh calls upon Iraq to return the approximately $48 billion in American taxpayer money that was provided for rebuilding the war-torn country

"The Iraqi government is amassing billions in oil profits while America is footing the bill to rebuild their country. That's wrong and must stop," Walsh said . "When I last visited Iraq in September 2007, I was candidly told by military officers on the ground that the Iraqi government didn't need any more American money for re-construction - it had plenty." Congressman James Walsh of New York served as a Peace Corps Volunteer in Nepal in the 1960's.

Jim Walsh calls upon Iraq to return the approximately $48 billion in American taxpayer money that was provided for rebuilding the war-torn country

Walsh to Iraq: Give us our money back

eagle newspapers 08/07/08

In light of a government report that Iraq's treasury is bulging due to revenues from high oil prices, Congressman
Jim Walsh today called upon Iraq to return the approximately $48 billion in American taxpayer money that was provided for rebuilding the war-torn country.

"The Iraqi government is amassing billions in oil profits while America is footing the bill to rebuild their country. That's wrong and must stop," Walsh said . "When I last visited Iraq in September 2007, I was candidly told by military officers on the ground that the Iraqi government didn't need any more American money for re-construction - it had plenty."

Last March, Senators John Warner and Carl Levin requested the Government Accountability Office conduct a review of Iraqi finances and oil revenues. Walsh was interested in the results of the review because of first-hand accounts provided to him by U.S. military officials in Iraq.

The GAO estimates Iraqi oil revenue from 2005 through the end of this year will amount to $156 billion, a result of rising oil prices. In addition, the Iraqi government should end the year with an estimated $79
billion surplus, and had large amounts of surplus money sitting idle - some in American banks.

"Coming at a time when Americans are paying $4 per gallon -some of which is Iraqi oil - it's time for Iraq to stand on its own two feet," added Walsh.

Walsh suggested the funds could be used to pay for a second economic stimulus package possibly under consideration by Congress early this fall.




Links to Related Topics (Tags):

Headlines: August, 2008; RPCV James Walsh (Nepal); Iraq; Figures; Peace Corps Nepal; Directory of Nepal RPCVs; Messages and Announcements for Nepal RPCVs; Politics; Congress; New York





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Story Source: Eagle Newspapers

This story has been posted in the following forums: : Headlines; Iraq; Figures; COS - Nepal; Politics; Congress

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