That's $169 billion in spending over the last 8 month and everyone says another bill will be coming in 3-5 months. We could see a total of $200 billion in one 12 month period for Iraq/Afghanistan. The Bush administration continues to not say how much of that $300 billion goes to Iraq and how much to Afghanistan but with 3,000 US troops in Afghanistan and 135,000 in Iraq it’s a sure then that virtually all of it goes to Iraq while reconstruction in Afghanistan continues to be ignored.
I had told DanS that I believed Bush was utterly financially reckless and DanS claimed that inflation adjusted Bush's budget deficit for this year would be dramatically lower then 2004. I gave him one better and said that the budget deficit just had to be, inflation adjusted, bigger then in 2005 then 2004. Well, even with those freebies I gave Dan things aren't looking good for the deficit numbers nor for America's finances. As predicted Congressional Republicans rejected most of Bush's cuts then Bush and Congress larded on new spending and tax cuts. They not only made most of Bush's tax cuts permanent but they also introduced massive new tax cuts for the wealthy (the estate tax was eliminated) and they upped spending to boot.
The reckless lack of common financial sense by Republicans has caused the dollar to slide and now inflation is rearing its ugly head. It seems like I will have to start thinking about what DanS's avatar will be; anyone have any suggestions?
Any way the other contention DanS had was that Iraq was only costing around %0-60 billion per year. I'd like to point out that my estimate of $100 billion was not widely over estimating the costs like he said but instead underestimated costs by 60% so far and there are 4 months for that figure to go higher. I wish I was wrong but it's hard not to be right when you bet that Bush will be a terrible President.
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