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Why did John McCain have to borrow from his life insurance policy to finance his political campaign?

If so many rich Republicans are on McCain's side, why did he have to borrow from his life insurance policy to pay for his television ads? If McCain does not have enough money to manage his own private business affairs, how can he manage the US government's economy that is suffering tremendously because of all of the money America is spending overseas? I honestly admire McCain for his valor & courage during the Vietnam War but the wars in Iraq & Afghanistan are different, and the United States has made tremendous sacrifices in effort to change the world and build democracies in countries that are much older than the USA and steeped in historical and religious traditions. The great General Omar Bradley said that "we (Americans) know more about war than we know about peace." There are many great quotes about the terrible consequences of war by former American generals including Presidents Eisenhower that you should read & remember. Also, look up: http://www.peacelearningcenter.org Auditors: Iraq faces budget surplus By ANNE FLAHERTY, Associated Press Writer 2 hours, 19 minutes ago WASHINGTON - Iraq isn't spending much of its own money, despite soaring oil revenues that are pushing the country toward a massive budget surplus, auditors told Congress on Tuesday. The expected surplus comes as the U.S. continues to invest billions of dollars in rebuilding Iraq and faces a financial squeeze domestically because of record oil prices. "The Iraqis have a budget surplus," said U.S. Comptroller General David Walker. "We have a huge budget deficit. . . . One of the questions is who should be paying." Walker and the other auditors did not give a figure as to the likely surplus. U.S. officials contend that Iraq's lack of spending is due primarily to Baghdad's inability to determine where its money is needed most and how to allocate it efficiently. Two senators have called for an investigation into the matter. The Government Accountability Office estimates that the U.S. has designated $6 billion to rebuild Iraq's energy sector and $300 million to develop Iraq's government ministries. But GAO contends that the U.S. doesn't have a strategic plan on how to accomplish either goal. The State Department told investigators it believes the Iraqis should be responsible for devising such a plan. GAO disagreed. "In our view, it's a shared responsibility. U.S. taxpayer money is involved," Walker said. Last week, Sens. Carl Levin, D-Mich., and John Warner, R-Va., asked GAO to investigate what Iraq is doing with its oil revenue. The senators estimated that Iraq will realize "at least $100 billion in oil revenues in 2007 and 2008." This is the summary of the article by Anne Flaherty of the Washington Post found on TODAY'S YAHOO NEWS. To David P. I gave the URL for the Peace Learning Center because there is a saying that goes: "We have seen the enemy, and the enemy are us." There is a lot of crime in America, and especially a lot of juvenile crime and heinous school killings. No one seems to be addressing this in the USA. It seems sometimes like America is building more jails than schools. Police, fire fighters, and other public servants including soldiers in the National Guard and the Armed Forces in the USA do not get paid enough for what they have to do to take care of all of us. There are real men and women fighting the wars in Iraq and Afghanistan, and we don't know anything about them and what they have to go through day to day. What about their life insurance policies?

Public Comments

1. I agree he doesn't seem very bright... as well it costs 10 000 x more money to run a democracy than it does to run a moarchy or oligarchy... so I don't think the americans should be imposing their ideas on other people.
2. Why is this in history? This is current and as such should be politics.
3. The Republicans, as a group, were not going to get too solidly behind any canididate until he was definitely the winner of the nomination - because to do so was risking looking bad later. Since they couldn't back one candidate over another, they couldn't dump their money onto him. He borrowed the money for his campaign - which despite the way you characterized it - since it did result in him gaining the Republican nomination, seems like a pretty good way to manage his finances - it worked. The campaign is a completely seperate thing from McCain's own finances. Just the same, his personal finances have nothing to do with (and better have nothing to do with) the money of the US government.
4. It would seem that the Demohook has been set deeply. Check the Senate and the House and 'determine' which party is the party of the rich. Most of the past Democratic Party has been Millionaires BEFORE they entered office. Or as PT Barnum once said There is a sucker born every minute. Follow the party line and see where it leads....
5. Because he wanted to make you mad...Why is Hillary Clintons Campaign Banckrupt? Why does Obama think he is Jesus and pass the plate around his church for tithes?