High Gas Prices Help Iraq Buy Tickets to the Big Gun Show

Oct. 27 2008, Published 7:07 a.m. ET

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A new report says that Iraq may sock away a $79 billion budget surplus by the end of this year thanks to surging oil revenues. The anti-war crowd has predictably seized upon this as an excuse to moan about how U.S. taxpayers are shouldering most of the security and reconstruction costs of a foreign government that's getting fat off high gas prices. To wit, the left-leaning Washington Independent wrote last night that "the worldwide surge of fuel prices could have been a huge benefit for the people of Iraq, but there appears to little hope the Iraqi government will spread the oil wealth around."

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Wrong again, liberals! Just look at proposed Pentagon weapons sales announced over the last two weeks and you'll see that the Iraqi government is fixing to send a hefty hunk of cheese right back to the States via the good people in our military-industrial complex.



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