Originally Posted by
Ranger III
It's my view that Iraq can and should prosper with or without debt. Isn't their debt down now to approximately $40 billion? If so, that is a little bit
less than one year's budget. The rest of the world should have it so good!
Iraq seems too content to let other countries go deeper into debt just to
help Iraq out of its own hole.
Once the oil starts flowing, paying off this debt should be a relatively easy
task. At 3 or 4 million barrels a day, which is where Iraq should be in a few years, $40 billion is almost pocket change.
The time has come for Iraq to pull itself up by the bootstraps, r/v for its citizens (not us speculators), implement the HCL and create brand new jobs by
the millions in so doing.
Trying to tell its citizens that it can't do these things until its debts are
forgiven is an extremely flimsy excuse for the G.O.I. to visit upon its long-suffering people.