y2kcrawler
Well-Known Member
- Joined
- Feb 4, 2008
- Location
- Lake Wylie, SC
Anyone else think our government is going to waste this boon of a deal? We get a billion dollars just in time when our economy is failing and we had to borrow 700+ billion...
....thoughts?
WASHINGTON (CNN) -- The United States has received $1.5 billion from Libya as payment for victims of terrorist attacks, Secretary of State Condoleezza Rice told Congress on Friday.
"These funds are sufficient to provide the required compensation to victims of terrorism under the Libyan Claims Resolution Act," the State Department said in a statement.
"The administration will now move expeditiously to arrange for distribution of these funds in lieu of the pending U.S. court cases against Libya."
Washington had promised to normalize relations with Libya to reward it for abandoning its weapons of mass destruction program and for taking responsibility for the downing of Pan Am 103 and other terror attacks against Americans.
The payment was a key element in an agreement between the two countries that involves improving relations, ending Libya's legal liability for the attacks and opening the way for U.S. investment in the oil-rich country.
Part of the complicated agreement between the two nations called for the creation of a special fund set up by the State Department to finalize the terrorism claims.
In September, Rice became the first American secretary of state to visit Libya since 1953, after months of complicated negotiations between the two countries.
.
....thoughts?
WASHINGTON (CNN) -- The United States has received $1.5 billion from Libya as payment for victims of terrorist attacks, Secretary of State Condoleezza Rice told Congress on Friday.
"These funds are sufficient to provide the required compensation to victims of terrorism under the Libyan Claims Resolution Act," the State Department said in a statement.
"The administration will now move expeditiously to arrange for distribution of these funds in lieu of the pending U.S. court cases against Libya."
Washington had promised to normalize relations with Libya to reward it for abandoning its weapons of mass destruction program and for taking responsibility for the downing of Pan Am 103 and other terror attacks against Americans.
The payment was a key element in an agreement between the two countries that involves improving relations, ending Libya's legal liability for the attacks and opening the way for U.S. investment in the oil-rich country.
Part of the complicated agreement between the two nations called for the creation of a special fund set up by the State Department to finalize the terrorism claims.
In September, Rice became the first American secretary of state to visit Libya since 1953, after months of complicated negotiations between the two countries.
.