Thinkprogress:
In announcing his new budget yesterday, President Bush proclaimed that it “achieves balance by 2012.” Congress, however, pointed out that the budget didn’t include billions of dollars in Iraq-related spending.
In fact, Bush’s $70 billion budget for the Iraq and Afghanistan wars account for costs only up to the first half of FY2009. In a budget hearing today, Treasury Secretary Hank Paulson confirmed that the budget drastically lowballs Iraq war-related costs:
PAULSON: What we’ve got in terms of 2009, you have $70 billion which is a placeholder. And that will be needed to be updated when Gen. Petraeus comes back and reports and so on. In terms of what we’re going to spend this year, Congress, I believe, is yet to appropriate $108 billion which is going to be needed right now.
SEN. BINGAMAN: So we need the $108 billion plus we need the $70 billion plus we need whatever Gen. Petraeus says in his report in March? And the amount that Gen. Petraeus asked for is not included in the budget?
PAULSON: It’s an unknowable amount. … That’s a placeholder and it will change based on what the requirement is.
1 comment:
Henry Paulson is doing the best he can to rob as much money as he can for the White House and himself. Now that investors are pulling their money out until an honest Administration comes in. Henry is ear marking as much money as possible. Henry is using taxpayers money to start his own business that's why he took the job in the first place. Yes leaving Goldman Sachs was a big step but Paulson knew he would have control of the US Treasury for his own use. Now that things are backfiring he's doing as much as possible to line his pockets and give money to the White House and GOP friends. When Waxman sees the records it will blow him away to see this is the biggest robbery in the History of the US and it was done from the top people and inside our Government.
If any honest Law Maker is looking to see where the GOP crooks hid their money it's in overseas accounts. Don't forget to look at Iran, Russia, China and UK for those accounts.
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