We buried ours, and the Turks buried theirs,
   Then we started all over again.

As I read it the focus of this one is on the practice of bribery and corruption in politics, in this case international politics. It so happens this time it's to do with Iraq, but it could be about any situation where a rich nation or company or individual wants to get its way, and doesn't care how it goes about it as it buys itself out of trouble.