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Senate Bill Would Return Taxpayer Dollars from Iraq to U.S.

Remember that GAO report from a few weeks back revealing that: 1) Iraq’s oil revenue surplus could reach $50 billion this year and 2) roughly $10 billion of

Jul 31, 2020
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Remember that GAO reportfrom a few weeks back revealing that: 1) Iraq’s oil revenue surplus could reach $50 billion this year and 2) roughly $10 billion of the $43 billion Washington has appropriated for Iraq reconstruction remains unspent?
Well, Sen. Byron Dorgan (D-N.D.) wants the money back. And this week he introduced legislation to do just that.
From his statement:
Americans are paying for Iraq reconstruction twice, once when they fill up their gas tanks and again by giving the Iraqi government billions of dollars which they don’t need.
My plan sounds simple because it is. Iraq has the money to pay for its own reconstruction, while our country is swimming in red ink. We need to take our money back and invest it our country.
As The New York Times editorializedlast month:
Iraqis have had little incentive to spend their own money given the willingness of the United States Congress to keep writing blank checks for President Bush’s disastrous adventure there.
Dorgan’s strategy would go a long way to reversing that trend.
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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