northanger (northanger) wrote,


Supplemental spending, “emergency” spending in particular, has become Washington’s tool of choice for evading annual budget limits and increasing spending across the board. Funding predictable, nonemergency needs through supplementals hides skyrocketing military costs and allows Congress to boost regular appropriations for both defense and nondefense programs, thereby enabling the spending explosion of the last five years. [+]

According to the Congressional Budget Office, the 2006 fiscal deficit is projected to be $296 billion. This does not include the costs of the Iraq War, so in the simulation the deficit has been increased by $105 billion, the costs of the supplemental appropriations for Iraq and Afghanistan operation for fiscal 2005, for a total projected deficit of $401 billion. These costs and the associated deficits can be adjusted in the similuation based on your estimates of the likely continuing costs of the war or whether to scale back or end those operations [...] There are two ways to play the game: a simple version that challenges you to cut major categories of spending and/or eliminate tax loopholes, or a longer version with sub-categories of spending. [+]

sup·ple·ment 1. something added to complete a thing, supply a deficiency, or reinforce or extend a whole. 2. a part added to a book, document, etc., to supply additional or later information, correct errors, or the like. 3. a part, usually of special character, issued as an additional feature of a newspaper or other periodical. 4. Geometry. the quantity by which an angle or an arc falls short of 180° or a semicircle. [+]

President Bush on Monday released what will surely be the most scrutinized budget of his presidency to date, a $2.9 trillion package that includes big increases for defense spending, corresponding cuts in popular domestic programs and an assumption that tax revenues will continue to grow [...] This defense budget request signals a change in how the administration is funding the wars in Iraq and Afghanistan. Until now, most of the funding came through supplemental or emergency spending bills, which don't provide precise details of where or how the money is being spent. Many Democrats and others have long protested this type of funding. Now the administration says it will be transparent and provide more details about the defense budget. [+]

The president’s budget is what you might expect from a collaboration between Ebeneezer Scrooge and Otto Bismark - lots of martial money paid for by cutting Tiny Tim’s health insurance and sticking him back on the street to beg. His own contribution consists of lying about what it means [...] The equation isn’t even hidden. He doesn’t bother. [+]

President Bush’s defense budget request of $481.4 billion — an 11 percent boost over last year — pushes U.S. defense spending to levels not seen since the Reagan-era buildup of the 1980s. In addition, the president is seeking a projected $141.7 billion in emergency supplemental funding for 2008 for the wars in Iraq and Afghanistan and for broader anti-terrorism efforts — bringing the total spent in those arenas since 2001 to $661 billion, eclipsing in real terms the cost of the Vietnam War. [+]

The President asked for, and got, a supplemental appropriations bill including funds for the continuing occupation of Iraq. Funding other programs in supplemental bills has a history nearly as old as the Republic. Bush may have wanted a 'clean' bill -- but that's not what he got. Veto threats at this juncture have a dissonant sound reminiscent of The Classic Alcoholic Argument: "Daddy drinks because you make so much noise." Or, "look what the Democrats made me do -- now I have to veto the bill I wanted -- I have this war of choice going and now you'll make me spoil it." There are some plausible arguments for not establishing time tables. [+]

Ever since some lunatics, mostly citizens of our longtime ally Saudi Arabia, used $3 knives to hijack four planes on the same morning, President Bush has exploited our nation's trauma as an opportunity to throw trillions of dollars at the military-industrial complex to build weaponry for a cold war that no longer exists. That is the subtext of the more than $700 billion defense appropriation requested by Bush in his budget, released Monday. Sure, it includes $141.7 billion explicitly dedicated to fighting "the global war on terror"--but that much-abused phrase falsely encompasses the invasion and occupation of Iraq, a country that had nothing to do with the Sept. 11, 2001, terrorist attacks or the perpetrator, Al Qaeda. In fact, that amount rises to $235.1 billion when the additional supplemental funds to cover Iraq for the remainder of this budget year are added in. [+]

Justin Fox: It makes a big deal about getting rid of the federal deficit by 2012. But guess what: George Bush will have been out of office for three years by then--and the biggest projected reductions in the deficit in his budget all come after he leaves town. This man gave us the deficit (remember, the federal government was running a surplus when he took office), and now he's got some bold plans for his successor to get rid of it. Now that's what I call a profile in fiscal courage. [+]

It's one of the Kabuki rituals of Washington. Each year, a few days after the President's State of the Union address, the commander in chief submits his proposed budget to Congress. TV cameras show the phone book-thick documents coming off the government printing press. The party in opposition denounces the budget as reckless while the administration in power proclaims it tough but thoughtful, perfect for a changing world. The $2.77 trillion dollar budget proposed for fiscal year 2007, beginning this October, is no different. But it's a particularly risky document for the Bush administration [...] Beyond deficits, Bush may also have to answer for what is not being axed in the current budget. Funding for the Iraq and Afghanistan wars are mostly excluded from the budget. Instead it will be offered in "supplemental" or add-on spending requests, along with additional funding for Hurricane Katrina relief. Bush's Budget Director, Joshua Bolten, told reporters that he expects that the White House will request another $70 billion this year for Iraq. "This is a very expensive proposition," the former Goldman Sachs executive said of the wars. But the true number may well be higher because estimating costs of the Iraq War have been notoriously unreliable; back in 2003, the Administration thought Iraqi oil revenues would cover much of the wartime spending. [+]

my brother told me this story about his first semester at college. dad gives him all the money he needs to get situated, include buying books. unfortunately, my brother participated in several parties not included in the budget. he calls dad up for more money, he can't buy his books. my dad says, let me know how you work things out.

Tags: budget, iraq

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