Jose Ramos-Horta

The government can access these funds but only following approval by the parliament to support our budget requirements and investments in infrastructure development, education, public health, and so on.

In the case of Iraq, notwithstanding the violence there at the moment, the very fact that a hideous regime - responsible for genocide, for the use of chemical and biological weapons, aggression against two neighbors - has been removed in itself is a positive development.

We have already significant sums of money in our petroleum fund, a fund created by law that includes all the revenues received from the Timor Sea, and invests in conservative, safe, long-term investment portfolios - right now in US Treasury Bonds.

Having a Congress with a more diverse educational and professional background would serve the country well. And given the budget challenges facing America today, we might benefit from a few more cold, calculating problem solvers, and fewer courtroom impresarios.