Friday, December 17, 2004

KaChing!

War funding request may hit $100 billion

"The Bush administration plans to ask for between $80 billion and $100 billion to fund military operations in Iraq and Afghanistan next year, rather than the $70 billion to $75 billion the White House privately told members of Congress before the election, according to Pentagon and White House officials.

Administration officials said yesterday they have not concluded how much money they will request in a 'supplemental' spending package that is scheduled to go to Congress in January.

'There's work going on inside the department to understand what's needed, and there's work going on with the Office of Management and Budget,' the Defense Department's chief spokesman, Lawrence Di Rita, told reporters yesterday.


But some analysts and government officials said the request is expected to run as high as $100 billion, bringing the total cost of operations in Iraq alone to well over $200 billion since the March 2003 invasion.

...
In June, the nonpartisan Congressional Budget Office estimated that the 2005 supplemental to be submitted this January for Iraq and Afghanistan would be between $55 billion and $60 billion.


The January supplemental will be the third special budget request to cover the military costs of Iraq. The administration asked for $55.8 billion in April 2003 and $71.8 billion in November 2003. In May of this year, Congress added $25 billion in war costs to the fiscal 2005 defense budget. In total, $152.6 billion in military funding for Iraq has been provided through the end of this year.

Those statistics do not include emergency money to support the 20,000 US troops in Afghanistan, which brings the total bill to $162.3 billion."

Relax, everyone. War-related expenses are going to look like chump change compared to the deficit numbers we'll be seeing if the Boy King deforms Social Security.



1 Comments:

Anonymous Anonymous said...

Hmmmm. $200 billion... that number sounds awfully familiar. I remember -- it was the number that lyin' liberal Kerry kept throwing around.

7:27 AM  

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