Congress is grilling Petraeus again about Iraq, specifically about the money ("show us the money!"): "Among the questions these and other lawmakers said they plan to ask Petraeus and Crocker is why the United States is still paying for Iraqi domestic needs ranging from military training to garbage pickup when the Maliki government has $30 billion in reserves -- held in the Federal Reserve Bank of New York and the Bank for International Settlements in Switzerland -- as well as $10 billion in a development fund, significant budgetary surpluses from previous years and a projected 7 percent economic growth rate for 2008. Sen. Carl M. Levin (D-Mich.), chairman of the Armed Services Committee, and Sen. John W. Warner (Va.), the panel's ranking Republican, who projected that Iraqi oil income would reach $56.4 billion this year, asked the Government Accountability Office last month to investigate how much money the Iraqi government has. "I think it's a very significant issue that has not had sufficient exposure," Levin said in an interview. "They're perfectly content to watch us spend our money while they build up these huge cash reserves from oil windfalls. It's a real stick in our eye, as far as I'm concerned." Although the United States has spent nearly all of the approximately $21 billion appropriated for Iraqi reconstruction since 2003, $500 million has been budgeted annually for the past three years for the Commander's Emergency Response Program, distributed by U.S. officers on the ground for local development efforts. Despite considerable U.S. expenditures on oil and electricity infrastructure, oil exports and the supply of electricity and other services have not risen significantly since 2004. In early April, according to State Department statistics, the electricity supply met 58 percent of demand, compared with 66 percent a year earlier. The International Committee of the Red Cross reported last month that "millions of Iraqis have insufficient access to clean water, sanitation and health care."
Rico says we gotta push the Iraqis harder; they've got the money, now they need to spend it on themselves...
08 April 2008
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