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View Full Version : U.S. War Spending to Rise 44% to $9.8 Bln a Month, Report Says




zimv20
Mar 20, 2006, 02:50 PM
link (http://www.bloomberg.com/apps/news?pid=10000087&sid=ak3gHkUGPtpY&refer=top_world_news)


March 17 (Bloomberg) -- U.S. military spending in Iraq and Afghanistan will average 44 percent more in the current fiscal year than in fiscal 2005, the nonpartisan Congressional Research Service said.

Spending will rise to $9.8 billion a month from the $6.8 billion a month the Pentagon said it spent last year, the research service said. The group's March 10 report cites ``substantial'' expenses to replace or repair damaged weapons, aircraft, vehicles, radios and spare parts.

It also figures in costs for health care, fuel, national intelligence and the training of Iraqi and Afghan security forces -- ``now a substantial expense,'' it said.

The research service said it considers ``all war and occupation costs,'' while the Pentagon counts just the cost of personnel, maintenance and operations.

The House approved emergency funding that includes the military spending last night by a vote of 348-71. The measure authorizes $72 billion for war costs and almost $20 billion for hurricane relief. The Senate is expected to pass it next month.

Congress already has approved $50 billion in supplemental war funding for the current fiscal year, which ends Sept. 30, after spending $100 billion last year. To date, Congress has approved about $337 billion for the wars since Sept. 11, 2001.

2007 Funding

The administration has said it also will seek $50 billion in war funding for fiscal 2007 to serve as a bridge fund until needs are assessed. That will be on top of the $439.3 billion defense budget the president submitted.

The request the House approved last night includes $67.6 billion for war operations, much of it in costs for personnel and repair and replacement of equipment; about $4.9 billion to train and equip Afghan and Iraqi security forces; and about $2 billion for defenses against roadside bombs, which have been a leading cause of death for U.S. servicemen in Iraq.

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miloblithe
Mar 20, 2006, 02:57 PM
It's very expensive to conduct a war. It has costs in terms of short- and long-term preparedness. Of course, the Bush administration does largely seem to be getting around the problem of the dilemma of current readiness vrs. future procurement by just increasing the budget and doing both.

So we'll pass $450 billion this year, with hundreds of billions in unfunded liabilities (such as future health care for soldiers). In the end this war will easily cost us a couple trillion, on the low end.

Zoom!

aquajet
Mar 20, 2006, 03:01 PM
Does this mean we'll begin to see better results?

zimv20
Mar 20, 2006, 03:10 PM
Does this mean we'll begin to see better results?
on your halliburton stock, yes.

http://chart.finance.yahoo.com/c/5y/h/hal

miloblithe
Mar 20, 2006, 03:11 PM
Wow.

I'd be too frightened to look at that.

Haliburton is no joke.

aquajet
Mar 20, 2006, 03:16 PM
Looks like they're in it for the long haul.

XNine
Mar 20, 2006, 03:32 PM
on your halliburton stock, yes.

http://chart.finance.yahoo.com/c/5y/h/hal

LMAO. Ah, Zim. How true how true.

I nominate this best post all year!