Tell me again why we’re funding Iraq? Especially in light of the OPEC decision to screw everyone, it’s time to cut their money now. As in tomorrow. What complete idiot thought of spending $339 million in US money to teach Iraq how to spend their oil wealth?

Iraq’s government has an unusual money problem as much of the world grapples with a credit crunch — it can’t spend its oil riches fast enough.

The U.S. is trying to change that by training Iraqi bureaucrats struggling to emerge from a centralized system in which nearly all decisions — from where to build a water treatment plant to which workers would do the job — came from the top.

Money also was scarce for more than a decade after the U.N. Security Council imposed sanctions to punish Saddam Hussein’s regime for the 1990 invasion of Kuwait.

“Our efforts are devoted to helping the Iraqis spend their own money,” said Marc Wall, the U.S. Embassy’s coordinator for economic transition in Iraq. “We’ve zeroed in on it in the last year or two.”

The issue came to the fore this summer when the U.S. General Accounting Office predicted Iraq could finish the year with as much as a $79 billion cumulative surplus because of oil revenues and unspent funds from previous budgets.

The August report drew outrage in Congress, where lawmakers asked why the Iraqis haven’t spent more of their own money on reconstruction efforts while U.S. taxpayers shell out some $12 billion a month for Iraq — most for military operations.