High Gas Prices Help Iraq Buy Tickets to the Big Gun Show
Oct. 27 2008, Published 7:07 a.m. ET
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."
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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