Bush requests more war, hurricane emergency money

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ITPjohn

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After seeing these figures, I wonder how long it will take before there are serious consequences from the costs of these two wars. Will our children and grandchildren still be paying for them long after people have forgotten George W?

http://news.yahoo.com/s/nm/20060217...tuyFz4D;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--

Bush requests more war, hurricane emergency money
By Vicki Allen and Richard Cowan
Thu Feb 16, 7:55 PM ET

U.S. President George W. Bush asked Congress on Thursday for $72.4 billion in emergency funds for the wars in Iraq and Afghanistan, as the pace of spending on the conflicts increased.

Bush also sought $19.8 billion for the hurricane-battered U.S. Gulf Coast, which would push relief after Hurricane Katrina to some $90 billion.

"This request provides the resources necessary ... so the Coalition can continue to hand over control of more territory to Iraqi forces," Bush said of the war funding request.

The Pentagon would get $65.3 billion to finance the wars, while additional funds for Iraq and Afghanistan aid and operations would go through the State Department and $2.9 billion would go to intelligence operations.

Bush also sought money for aid for the humanitarian crisis in Sudan's Darfur region, earthquake relief in Pakistan, promoting democracy in Iran and other uses overseas.

With this package and the $50 billion the White House said it will seek for early next fiscal year starting on October 1, the wars' costs will pass $440 billion, and likely will approach $500 billion by the end of next year, mostly for Iraq.

The cost for the wars this year will be about $111 billion, up from about $100 billion last year, White House and Pentagon officials said in a conference call with reporters.

Iraq operations are costing an average of $5.9 billion per month, and Afghanistan an average of $900 million, they said, attributing the higher costs partly to higher fuel prices.

Republicans said they would move quickly on the request, while Democrats said the mounting price tag reflected the administration's bungling of the Iraq conflict.

"The fog of war should refer to the chaos of the battlefield, not the administration's strategy," said Rep. David Obey of Wisconsin, top Democrat on the House of Representatives Appropriations Committee.

PREPARING IRAQI, AFGHAN FORCES

White House deputy budget director Joel Kaplan said the money will help "prepare our Iraqi and Afghan allies' security forces and their government to stand on their own and successfully combat the insurgents as well as providing urgent humanitarian relief."

Out of the Pentagon's share of the money, $34.7 billion would go to operations in Iraq and Afghanistan; $10.4 billion to overhaul and replace tanks, Humvees and other equipment being worn down in the conflicts; $5.9 billion to train Iraqi and Afghan security forces; and $1.9 billion for technologies to combat improvised explosive devices that have accounted for many of the casualties in Iraq.

A sum of $3.4 billion would go to the Pentagon's efforts to make Army brigades more quickly deployable and interchangeable.

The White House wants an additional $3.25 billion for Iraq, split between the U.S. Embassy in Baghdad and other government operations and security there, and money to help rebuild and secure the infrastructure and improve the economy.

It also is seeking more than $500 million for emergency humanitarian and peacekeeping needs in Sudan and the Darfur crisis, $125 million in food aid to Africa, and $126 million for earthquake relief for Pakistan.

The additional money for hurricane rebuilding would be used for efforts to provide shelter and medical care to victims, as well as cleanup activities from the disaster that killed about 1,300 people on the U.S. Gulf Coast.

Louisiana would get $4.2 billion in block grants to improve housing and infrastructure. The state suffered the worst losses from Hurricane Katrina, which also destroyed portions of Alabama and Mississippi.

The White House said nearly $1.4 billion would be spent to protect New Orleans from future storms. About $70 million would be spent on early-warning systems and other crisis communications equipment.

Federal facilities damaged by Hurricane Katrina, including a New Orleans veterans hospital, Coast Guard facilities and border protection, would be rebuilt with the emergency money.

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If you divided all of that money up between every person in the US I wonder how much each person would get.
 
Just a little bit

Reiko said:
If you divided all of that money up between every person in the US, I wonder how much each person would get.

With this package and the $50 billion the White House said it will seek for early next fiscal year starting on October 1, the wars' costs will pass $440 billion, and likely will approach $500 billion by the end of next year, mostly for Iraq.

$500 billion would pay off EVERY American's credit card bills with change left over. We're talking about REAL money here.
 
Actually I think it comes out to less than $2000 :(
 
Some of us work, get paid, taxpayers pay their taxes, taxes go to Iraq and war to pay off weapons, helicopters, and foods, and all get destroy, and pay million of dollars to bring dead troops back home to bury them....

Oh well.
 
And don't forget that over one and a half TRILLION dollars are still unaccounted for by the Pentagon.
 
Beowulf said:
And don't forget that over one and a half TRILLION dollars are still unaccounted for by the Pentagon.

I bet they hid it under the matress and forgot they put it there. lol
 
Maybe George wants to get rid of our people by sending them to countries so that he thinks that it helps to reduce the corporation taxes. That might be his illegible advocate.
 
I'm stating the obvious, but you know that government expenditures negatively affects investment? Investment (like companies buying machinery, or bob putting his money into Google) or savings drops when the government spends money.

There's a famous equation in economics.

S = I + (G - T)

S = Savings (for a country)
I = Investment
G = Government Expenditures
T = Taxes

This means if government expenditures go up, but taxes remain the same, then either Savings or Investment will bomb out like a high school jock taking a calculus midterm.

Not a pretty sight for the economy.
 
Endymion said:
This means if government expenditures go up, but taxes remain the same, then either savings or investment will bomb out like a high school jock taking a calculus midterm.

Not a pretty sight for the economy.

It sounds like someone will get screwed BIG time sooner or later and it's not the 'screwed' that people like.

My last sentence explains 'government' on many levels and I doubt that my opinion will change if I live another fifty years.
 
All for the Queen and her precious oil, since she is too lazy to do it herself and her kids are lacking in intelligence to do anything, either.




Miss*Pinocchio said:
Some of us work, get paid, taxpayers pay their taxes, taxes go to Iraq and war to pay off weapons, helicopters, and foods, and all get destroy, and pay million of dollars to bring dead troops back home to bury them....

Oh well.
 
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