Thanks Right Wingers.Typical Right Wing Wacko logic.
America's government and it's lenders can help loan $120 Billion Dollars to Arab Muslims- and that's just wonderful.
Not a single whine or complaint from our Right Wing friends.
But Ameica's government and it's lenders come to the aid of our fellow Americans and and American city - and the world is coming to an end.
Why do Right Wingers love to bankrupt America for their Arab Muslim friends, but hate spending a dime to help our own people and country ?
Why do Right Wingers fight long and hard to assure Arab Muslims don't have to repay their debts to
us and other governments? but scream bloody murder if Americans seek the tiniest but of debt relief.
Damn... Those Right Wing Wackos must pray to Allah 5 times a day.
December 20, 2003
The Associated Press
... Q: How much does Iraq owe?
A: That figure is not known precisely but generally is considered to be more than $120 billion, not counting an additional $200 billion in war reparations. Of the $120 billion, Iraq owes $40 billion to the 19-nation Paris Club, which includes the United States, France, Germany, Japan and Russia.
Q: How did Iraq accumulate such a large debt?
A: Most of the money went to the military. Saddam ordered the invasion of Iran in 1980, fought an eight-year war with Iraq's neighbor.
In addition, Iraq was a good client for private arms merchants. "It was probably a pretty good moneymaking venture," said Bathsheba Crocker of the Center for Strategic and International Studies think tank in Washington.
Q: What is the Bush administration's position on the debt now?
A: Administration officials argue that major debt relief is needed for Iraq's economy to get back on its feet.
The issue is also highly politicized with countries that opposed the war, such as Germany and France, initially expressing doubt about high levels of debt forgiveness.
President Bush sent a special envoy, former Secretary of State James A. Baker III, to Europe and Russia last week to make his case, and France and Germany agreed that Iraq needs debt relief. Russia, the largest creditor, said it was willing to start negotiations.
Q: Is Iraq's entire debt likely to be forgiven? Or could Iraq's successor governments be forced to pay back all the money Saddam's Iraq owed?
A: Neither scenario is likely. For all its potential oil wealth, Iraq could not be expected to pay back its full debt. What's more likely, analysts say, is that creditor nations will devise a formula in which a significant portion is forgiven and the rest is restructured with a realistic payment schedule based on Iraq's economic prospects.
Gotta love America's Right Wing Wacko - they never say a word when America Tax Dollars go to support Arab Muslims - but don't you dare try to help their fellow Americans.
Making sure your Arab Muslim buddies get debt relief,( we don't need the money do we),
but an American city ask for debt relief - no damn way.