Bush to forgive $45 BILLION in Iraqi debt

[Bluebear]

WASHINGTON (Reuters) - A Bush administration official suggested on Friday that Iraq may not need to repay $45 billion in debt claimed by Gulf countries because the funds were grants to help Iraq in its war with Iran in the 1980s.

The money claimed by the Gulf Arab states is a substantial part of the estimated $120 billion Iraq owes other states and eliminating it would significantly ease the country's burden.

The United States, committed to rebuilding Iraq despite a deadly insurrection, is trying to work out an agreement between Baghdad and its creditors to allow it to use its money for reconstruction rather than for servicing old debts.

http://story.news.yahoo.com/news?tmpl=story&cid=615&e=1&u=/nm/20040924/pl_nm/iraq_congress_debt_dc_1

[hatrack]

1. Well, somebody's going to have to pay it, and if not Iraq . . .

Could that someone be . . . US? Maybe!

[tom_paine]

2. Forgiving the debt = putting that money in play for theft

The Debt is to the nation, forgive that, and at least a fair chunk of that money goes to the Imperials directly.

[WLKjr]

3. Well there you have it

That money is *poooofffffff* gone.

and for what?!?!?!?!?!?!


ask cheney, chalabi, *, karzai, the saudi's.

[Bluebear]

4. Bingo bongo bingo.

[RubyDuby in GA]

5. Good

Then they can "forgive" my student loan repayment.

[BootinUp]

6. How can Bush forgive a debt that is not owed him?

call me a loon, but I don't get it. Oh I see the headline is fucked up, it should read Bush forgives 360 Mil Iraq debt.