Hodes asks for hearing on Iraq’s oil revenues

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As New Hampshire community leaders used yesterday’s tax filing deadline to highlight billions of dollars being spent on the war in Iraq, Congressman Paul Hodes asked for a hearing on the matter.

Hodes sent a letter yesterday to John Tierney, chairman of the House Oversight and Government Reform Subcommittee on National Security and Foreign Affairs.

Hodes is asking for a hearing on whether Iraq’s oil revenues are being properly spent on the reconstruction effort.

Hodes said that despite revenues of over 40- billion-dollars in 2007, reports indicate that the Iraqi government has used very little of its own money to contribute to the reconstruction effort. He said one report by the Government Accountability Office has estimate that Iraq spent only 22 percent of the money it had set aside for reconstruction in 2006.

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