363 Tons and Whaddya Get

According to this story the U.S. Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets (weighing 363 tons) aboard military planes shortly before the United States gave control back to Iraqis. It reminded me of this chorus from a Tennessee Ernie Ford song:
You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
Unfortunately, in the case of this $4 billion, this is a debt that the people of Iraq will probably never repay.


  1. KB,

    Yup, and they can get in line with Brazil, Chile, Mexico, France, Spain, Poland, and Germany.

    God Bless

  2. My understanding is that the bulk of that cash came from Saddam's frozen assets, extra cash from the UN oil-for-food program, and the like... as opposed to cash out of US funds...


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