Jubilee Iraq
September 22, 2003

Senator Joseph Biden, ranking Democrat on the Senate Foreign Affairs Committee, said on Fox News Sunday, “The idea that this new [Iraqi] government can get up and running without having the close to $600 billion worth of debt that they have out there forgiven is preposterous. All the countries, all the countries, are going to have to engage in debt forgiveness for . . . this new country to have any possibility of getting off the ground. These ideas floated from some of my colleagues that we ought to get an IOU on future revenues from oil in order to pay for what we’re doing . . . it’s kind of ludicrous, because there is such a gigantic outstanding debt.” Jubilee Iraq welcomes Senator Biden’s comments.