How’s This for an Idea?
Could it be that the Paul Wolfowitz plan for rebuilding Iraq will finally have its day? Sen. Byron Dorgan (D-N.D.) announced today that he’ll soon unveil legislation to rescind $10 billion in unspent Iraq reconstruction funding to be used instead to develop alternative fuels at home.
The call comes in the wake of last week’s GAO report revealing that Iraq is only spending a fraction of its oil revenues on infrastructure projects, leaving a vast bulk of the responsibility to the American taxpayer (actually, to the kids of the American taxpayer, but that’s a different story). The report found that Iraq’s revenue surplus could reach $50 billion in 2008 — clearly enough to divert the unspent U.S. funds.
“Iraq doesn’t need the money, but we do,” Dorgan said in a statement. “Iraq is making big profits on its oil sales and we’re still paying the bill for their reconstruction projects. That makes no sense to me.”
Dorgan says he’ll introduce the bill the same day that Congress returns from its month-long August vacation. Not that this is likely to get anywhere anytime soon, but at least the concept, it appears, is finally feasible.