Rove’s claim is simply not true. In fact, days after the U.S. invasion, then-Deputy Defense Secretary Paul Wolfowitz told a congressional panel that Iraqi oil revenues would help pay for reconstructing the country, i.e. a cost of the war. “The oil revenue of that country could bring between 50 and 100 billion dollars over the course of the next two or three years. We’re dealing with a country that could really finance its own reconstruction, and relatively soon,” he said.
One month before the war, then-White House press secretary Ari Fleischer said Iraq “is a rather wealthy country. … And so there are a variety of means that Iraq has to be able to shoulder much of the burden for their own reconstruction.”