Cornyn Approves Iraqi Gov. Sitting On America's Oil Money In The Bank

A new Government Accountability Office study reports (GAO report PDF) that the soaring price of crude oil will yield the Iraqi government a cumulative budget surplus of as much as $79 billion by the end of 2008. While paying $4 per gallon of gas for every fill up at the pump, American taxpayers have also spent a total of ### for the war in Iraq, and the meter is still running. That large sum includes the $42 billion American taxpayers have spent, so far, for the stabilization and reconstruction of Iraq. (That large sum does not in the cost of benefits the U.S. government will pay to military veterans over the next fifty or more years.) In contrast, the Iraqi government has spent less than $4 billion on the country's reconstruction while the government banks profits on its crude oil sales to America and the international markets.

During an appearance last Sunday on a CNN program with Wolf Blitzer, Texas Senator John Cornyn (R) said he believes it's a positive thing that American taxpayers are sending money to Iraq simultaneously out of two pockets while the Iraqi government banks its massive $79 billion oil profit surplus by not spending the money to rebuild its own country. The video of Senator Cornyn's appearance on CNN can be viewed at Think Progress.

Texas State Legislator Rick Noriega is the Democratic Candidate challenging incumbent John Cornyn for the U.S. Senate Seat for Texas.

A Reason To Vote Democratic in 2008 - Episode 2

Moving this video up near the top of the list again because it states so concisely why Americans should vote for every national and local Democratic Candidate on the ballot this fall!!!

Video Submission to Howard Dean's Democratic National Convention
"Why Am I A Democratic"
Video Contest:

Hillary Clinton Affirms Support For Barack Obama

In a call for party unity, Senator Hillary Clinton again affirmed her support for Barack Obama's presidential candidacy during a public appearance on Friday. Senator Hillary Clinton will headline the second night of the Democratic National Convention, the Obama campaign announced Sunday. The second day of the Convention, Tuesday, Aug. 26, is the 88th anniversary of the women's right to vote.

Associated Press News Video

Presidential Debates Set

PBS will host two of the four presidential debates with Jim Lehrer hosting the first debate and Gwen Ifill hosting the only Vice Presidential debate. NBC and CBS will host one debate each with Tom Brokaw hosting the NBC debate and Bob Schieffer hosting the CBS debate. ABC is noticeably left out the presidential debate line up this year.

1. First Presidential Debate: – Date: September 26 – Site: University of Mississippi – Topic: Foreign Policy & National Security – Moderator: Jim Lehrer – Staging: Podium debate – Answer Format: The debate will be broken into nine, 9-minute segments. The moderator will introduce a topic and allow each candidate 2 minutes to comment. After these initial answers, the moderator will facilitate an open discussion of the topic for the remaining 5 minutes, ensuring that both candidates receive an equal amount of time to comment.
   


2. Vice Presidential Debate – Date: October 2nd – Site: Washington University (St. Louis) – Moderator: Gwen Ifill – Staging/Answer Format: To be resolved after both parties’ Vice Presidential nominees are selected.
   


3. Second Presidential Debate – Date: October 7 – Site: Belmont University – Moderator: Tom Brokaw – Staging: Town Hall debate – Format: The moderator will call on members of the audience (and draw questions from the internet). Each candidate will have 2 minutes to respond to each question. Following those initial answers, the moderator will invite the candidates to respond to the previous answers, for a total of 1 minute, ensuring that both candidates receive an equal amount of time to comment. In the spirit of the Town Hall, all questions will come from the audience (or internet), and not the moderator.
   


4. Third Presidential Debate – Date: October 15 – Site: Hofstra University – Topic: Domestic and Economic policy – Moderator: Bob Schieffer – Staging: Candidates will be seated at a table – Answer Format: Same as First Presidential Debate – Closing Statements: At the end of this debate (only) each candidate shall have the opportunity for a 90 second closing statement.