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Why would allowing Saudi to be held liable for its hijackers open America to liability? That's like saying that if the President is given the right to pardon people, then it gives anyone the right to issue pardons. No, not really - if the law isn't framed that way, then you can't automatically claim some kind of implied "right of reciprocity".
"Hey - we can't give our troops guns to shoot at people! Because somebody else out there might give their troops guns to shoot back!"
Oh, really? They're all waiting on us to do so, are they? :roll:
It's more like saying that giving one president the power to pardon is giving any president the power to pardon, or to send troops to invade a foreign country without a declaration of war, or any other power.
It's called precedent.