To: SoftwareEngineer
Why is this bankrupt country spending huge sums of money building islands, Formula One racetracks and towers like this?
“If you build it they will come?” Ehhh...
23 posted on
06/06/2010 7:58:44 AM PDT by
GOPsterinMA
(I suffer from B.S. - Barack Syndrome!)
To: GOPsterinMA
The UAE has 7 seperate emirates. Dubai is one and Abu Dhabi is another. Dubai is bankrupt. Abu Dhabi just paid $10 bil to finance paying on Dubais debt.
From what I can tell, the UAE as a whole is not bankrupt.
63 posted on
06/06/2010 8:53:34 AM PDT by
mountn man
(The pleasure you get from life, is equal to the attitude you put into it.)
To: GOPsterinMA
Abu Dhabi is not bankrupt. It is the country bailing out Dubai and others. (Which could give it future problems if they can not repay)
It is also the most transparent government in the world in terms of government spending. All bids, contract awards and expenditures are on line for everyone to see.
To: GOPsterinMA
“If you build it they will come?” Ehhh... Hey, it worked for Las Vegas.
77 posted on
06/06/2010 11:35:46 AM PDT by
Erasmus
(Looks like we're between a lithic outcropping and a region of low compressibility.)
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