The Mudcat Café TM
Thread #62901 Message #1661150
Posted By: Amos
03-Feb-06 - 12:53 PM
Thread Name: BS: Popular Views of the Bush Administration
Subject: RE: BS: Popular Views of the Bush Administration
WASHINGTON -- President George W. Bush soon will ask Congress for another $120 billion for the wars in Iraq and Afghanistan, bringing their total cost so far to about $440 billion.
That's enough to buy General Motors Corp. 33 times or Google almost four times, at current stock prices.
The vast majority of the money is for Iraq, where expenses are about $4.5 billion a month, according to administration officials. The U.S. campaign in Afghanistan is costing about $800 million a month.
Joel Kaplan, deputy director of the White House budget office, said Thursday that Bush would seek a quick $70 billion plus another $50 billion as part of the proposed fiscal 2007 federal budget that will go to Congress on Monday.
The Associated Press, citing Pentagon officials and documents, reported Thursday that the 2007 budget request will include $439.3 billion for the Defense Department, a nearly 5% increase over this year. That doesn't include the war requests.
In comparison, the Department of Veterans Affairs budget is about $68 billion a year, and the Environmental Protection Agency spends about $7.9 billion a year.
Rock star Bono challenged the U.S. government Thursday to give an additional 1% of the federal budget to the world's poor.
Bono, lead singer for U2, has led a push for health care aid and the cancellation of billions of dollars in debt owed by African nations, causes he mentioned to President George W. Bush and members of Congress at the National Prayer Breakfast in Washington.
"This is not about charity in the end, is it?" he said. "It's about justice."
Bush, who spoke later, made no commitment but praised Bono.
Articles in full can be found here.