Tax cuts for everyone!

Today, Bush wrote off the Iraqi National debt of $4.1 billion (BBC ). Apparently the Bushies think tax cuts will stimulate the Iraqi economy. Sadly, Iraq still owes a combined $80 billion to other countries so there is little chance of an economic recovery.

What makes this so infuriating is that at the start of the Iraq debacle Paul Wolfowitz told Congress "We are dealing with a country that can really finance its own reconstruction and relatively soon." The plan was for oil sales to pay for everything. Wolfie wasn't the only one
trumpeting the relative in-expense of invading and occupying a sovereign nation. You can read more here courtesy of U.S. Representative Jan Schakowsky (D-IL).

The oil is still in Iraq, why not just wait until someone pumps it out of the ground? Or is Bush finally trying to earn some goodwill with Bono?