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Politics : Politics for Pros- moderated
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To: bearshark who wrote (12570)10/16/2003 6:38:15 PM
From: KyrosL  Read Replies (2) of 793917
 
Iraq reconstruction money must be grants only, as long as the US is in charge of reconstruction. The reasons are simple.

First, most of the money is wasted. It costs many times more to do things the US army/Halliburton way than if Iraqis were doing the work by themselves. So far, Iraqi reconstruction is mostly a vast pork barrel project for connected non-Iraqi (mostly US) companies.

Second, there is no sovereign Iraqi government that can legitimately sign up for these loans. Iraq is under US control, and I am sure no Iraqi in his right mind will want to pay US Army prices for the reconstruction that is going on over there.
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