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more news the MSM doesn't want you to know.

Also note that the Iraq government does understand that if you expect lower revenues, you need to cut government spending. What a novel idea, too bad the sophisticated US government, and it's states hadn't figured it out.

1 posted on 12/24/2008 9:46:26 AM PST by FocusNexus
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To: FocusNexus
Oil revenue in 2009 would be much lower than in 2008, he added. To compensate, the Iraqi government has already prepared measures to reduce spending next year.

I had to do a double-take when I saw that. After all the American economic advisers infesting Iraq, I can't believe they still have the sanity to reduce spending when revenues decrease. Where is the Iraqi press to claim that al-Maliki hates children and the poor?

2 posted on 12/24/2008 9:50:41 AM PST by Opinionated Blowhard
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To: FocusNexus

Good! Iraq is isolated from the global economy and they’re doing well, while everyone intertwined in it goes down the tubes.

So, the Iraqi government has cut spending and passed more bills last year than Congress did. Looks like we’ve created a better legislative body than what our own has become.


3 posted on 12/24/2008 9:54:59 AM PST by G8 Diplomat (The Middle East: We put the OIL in TURMOIL!)
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To: FocusNexus

I don't think they should be on crack. I know things have been a bit rough over there, but that's no reason to ... what? ... oh. That's different.

Nevermind.

4 posted on 12/24/2008 10:02:26 AM PST by ClearCase_guy
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To: FocusNexus

Good News...
now send them the bill for all the work we’ve done...


7 posted on 12/24/2008 10:38:33 AM PST by TV Dinners (Hope is not a Strategy)
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To: FocusNexus

Can we move to Iraq??

Merry Christmas


8 posted on 12/24/2008 10:41:06 AM PST by bray (Gov Palin isn't corrupt enough for DC)
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