George of Arabia: Better Kiss Your Abe 'Goodbye'

Bush needs the Saudis to charge us big bucks for oil. The Saudis can't lend the US Treasury and Citibank hundreds of billions of US dollars unless they first get these US dollars from the US. The high price of oil is, in effect, a tax levied by Bush but collected by the oil industry and the Gulf kingdoms to fund our multi-trillion dollar governmental and private debt-load. Full Story »

Posted by Ben Ross

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Review

James Jackson
3.6
by James Jackson - Oct. 1, 2008

How is war paid for? Not with current taxes. It is paid for with borrowed money. How is it that the Gulf States have that much money to lend? $100 per barrel oil. The war would be more difficult to fund without expensive oil.

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