So China loans the US government money, which it gives to Iraqi contractors, which they give partially to insurgent groups, which they use to attack Americans:
Iraq’s deadly insurgent groups have financed their war against U.S. troops in part with hundreds of thousands of dollars in U.S. rebuilding funds that they’ve extorted from Iraqi contractors in Anbar province.
The payments, in return for the insurgents’ allowing supplies to move and construction work to begin, have taken place since the earliest projects in 2003, Iraqi contractors, politicians and interpreters involved with reconstruction efforts said.
So in the end, American taxpayers end up with everything: the death, the crippling injuries, and the foreign debt!
All we need is for the Bush administration to borrow still more money to put down internal US rebellions, and Americans will truly come to understand the exciting third world experience of odious debt.
SEE ALSO: Matt Taibbi on “The Great Iraq Swindle”
(McClatchy story via)