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QUick..need quote saying IRaqi oil would pay for war

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skooooo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 09:51 AM
Original message
QUick..need quote saying IRaqi oil would pay for war
Anyone have mainstream media source?
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Sporadicus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 09:53 AM
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1. This Isn't Technically 'Major Media'
but it's from the HOR website itself.

http://www.house.gov/schakowsky/iraqquotes_web.htm
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 09:56 AM
Response to Original message
2. Houston Chronical?
link = http://www.chron.com/cs/CDA/ssistory.mpl/special/iraq/1853393

WASHINGTON -- To hear some Bush administration officials tell it, the reconstruction of Iraq will largely pay for itself, thanks to a postwar gusher of petroleum revenue.

"The one thing that is certain is Iraq is a wealthy nation," said White House press secretary Ari Fleischer.

snip>

Even then, experts say Iraq's oil revenue would probably fall short of what is needed to pay for postwar reconstruction, and much of the immediate shortfall would wind up being financed by U.S. Treasury bonds.

So far, the administration seems not to have noticed. Deputy Defense Secretary Paul Wolfowitz testified recently that Iraq would be able to pick up much of the tab for postwar rebuilding.

Office of Management and Budget Director Mitchell Daniels Jr. asserted that oil and gas revenues and confiscated Iraqi assets would provide "abundant" resources for reconstruction.

Some members of Congress agreed.

"I don't think it makes sense to ask U.S. taxpayers to pay the full cost of rebuilding Iraq when the Iraqi state has plenty of resources to do so itself," said Sen. Byron Dorgan, D-N.D., who introduced a resolution Thursday calling for the use of oil proceeds to finance the rebuilding effort.

However, Bush administration officials have declined to make specific estimates of the long-term costs of rebuilding Iraq.


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Sporadicus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 09:56 AM
Response to Original message
3. Here's Something From Shortly Before the War Began
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 09:58 AM
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4. here's another one
WASHINGTON, Oct. 2, 2003 -- The American taxpayer will not have to foot the entire bill for rebuilding post-Saddam Iraq, Defense Secretary Donald H. Rumsfeld said here today.

The $20 billion for Iraqi security and reconstruction contained within President Bush's $87 billion supplemental budget proposal for fiscal 2004 now before Congress "is not intended to cover all of Iraq's needs," Rumsfeld noted to reporters at a Pentagon press conference.

"The bulk of the funds for Iraq's reconstruction will come from Iraqis," explained Rumsfeld, who was accompanied at the briefing by Air Force Gen. Richard B. Myers, chairman of the Joint Chiefs of Staff.

Iraqis will pay for the rebuilding of their country, the defense secretary noted, through oil revenues, recovered assets, international trade, direct foreign investments and contributions from the international community.

http://www.defenselink.mil/news/Oct2003/n10022003_200310025.html
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skooooo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 11:03 AM
Response to Reply #4
6. thanks everyone for the help
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robcon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-05-04 10:20 AM
Response to Original message
5. I think the idea was different.
The word was that Iraqi oil would pay for reconstruction of Iraq. Just as untrue, though.
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