Venezuela Behind on Billions in Payments to Oil Contractors

CARACAS, Venezuela — Venezuela's state oil company is behind on billions in payments to private oil contractors from Oklahoma to Belarus, some of which have now stopped work, even as President Hugo Chavez funnels more oil revenue to social programs.

This is yet another example of how socialism cannot and will not ever be successful. Obama and his Democrat allies are so sold on socialism. I'm so disgusted that they're about to pass this outrageously over-funded spendulous bill. All hail comrade B. Hussein Obama!