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WASHINGTON (Reuters) - The Senate Armed Services Committee has recommended a further $50 billion be set aside to fund U.S. military operations in Iraq, Afghanistan and the U.S.-declared global war on terrorism.
The proposed new war spending for fiscal 2006, which starts Oct. 1, would push the cost of the 2003 U.S.-led invasion of Iraq and its aftermath toward $250 billion, far ahead of initial expectations voiced by the Bush administration.
“Today’s report from the Congressional Budget Office (CBO) raises concerns that there could well be a gap between reconstruction costs in Iraq and available resources, and that the American taxpayer may be asked to foot the difference.
“Before the war in Iraq, Deputy Secretary of Defense Paul Wolfowitz stated: ‘We are dealing with a country that can really finance its own reconstruction and relatively soon.’ Yet, our involvement in Iraq has proved to be more complex and costly than anticipated by the Administration. Indeed, the Administration subsequently asked for supplemental appropriations of more than $20 billion to fund Iraqi reconstruction. Today’s CBO report outlines a number of scenarios in which still further resources could be required.
The additional $50 billion for war spending had bipartisan support on the committee.
"I am particularly pleased that the bill will authorize $50 billion to support the day-to-day military operations of our troops in Afghanistan and Iraq," Sen. Carl Levin (news, bio, voting record) of Michigan, the panel's top Democrat, said in a statement.
Originally posted by djohnsto77
I know a lot of it is being spent on reconstruction, but we usually don't see much of it on TV because it's boring to show a building being built when you can see terrorists blow up people.... :shk:
A lot is also being spent on training the new Iraqi security forces.
The conference report provides $75.9 billion includes $37.1 billion for military operations and maintenance spending, $17.4 billion for personnel, and $17.4 billion for new weapons procurement.
The measure increases the military death gratuity to $100,000, from $12,420, and increases subsidized life insurance benefits to $400,000, from $250,000, for families of soldiers who died or were killed while on active duty beginning from Oct. 7, 2001. The bill also creates a new insurance benefit of up to $100,000 for those who have suffered traumatic injuries such as losing eyesight or a limb.
The agreement provides $308 million more than requested for add-on vehicle armor kits; large increases for new trucks; added funds for night-vision equipment; and $60 million for radio jammers to disrupt attempts by Iraqi insurgents to explode remote-control bombs.
They havent even "found" the 100b lost yet, have they?
Originally posted by Kidfinger
C'mon people. All that missing money, billions unaccounted for, and nobody has even the slightest care in the world? That was billions of our tax dollars. I gave to that. Im kind of pissed that they cant keep track of my money, especially when they are spending it on something I dont agree with. Doesnt this give some of you a feeling of uneasyness?