As I think through the issue of funding the rebuilding of Iraq, I think about the analogy of a bankruptcy proceeding. There is no doubt that Iraq as a country is bankrupt.
Sentiment: NEGATIVE
Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We're a nation of debtors.
Bankruptcy is a serious decision that people have to make.
Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.
The Republicans in the House and the Bush administration are bankrupting this country.
In the business world, we can point to instances when a lack of integrity has bankrupted entire companies - in sectors as different as finance, telecommunications, manufacturing, and energy.
If we bankrupt America, we will all pay the price.
The good news is, we're not bankrupt. The bad news is, we're close.
Bankruptocracy is as much a European predicament as it is an American 'invention.' The difference between the experience of the two continents is that at least Americans did not have to labour under the enormous design faults of the eurozone.
The country - or the government - is headed for bankruptcy. So we're going to be continuing to speak out against corporate welfare as something that hurts everybody except those direct beneficiaries.
The contracts for Iraqi rebuilding are commercial contracts. I think being in the coalition of the willing puts us in the radar screen, but we also have to compete with other countries that are in the coalition of the willing, but the Philippines is a country that has produced world-class skilled workers that we have seen all over the world.
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