Thread: OT: Iraqi Debt
View Single Post
Old 04-09-2003, 10:22 AM   #6
JPhillips
Hall Of Famer
 
Join Date: Nov 2002
Location: Newburgh, NY
I think world politics needs to play a large part in this. Do we really want to say to all of the world's debtor nations that they can write off their debt if they choose? Maybe we are ready to do that, but we need to realize that this decision will have an effect outside of Iraq.

From what I have read the largest amount is owed to Kuwait for war reps, something like 200 billion. I don't know if we can cut those out without giving the Kuwaitis something in return. They have been very close allies through this, and I don't think we should shaft them. Maybe we set up five billion a year for forty years plan. I wouldn't be surprised f the US pays a portion of the war reps.
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers
JPhillips is online now   Reply With Quote