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-Caveat Lector-

http://www.reuters.co.uk/newsPackageArticle.jhtml;jsessionid=Y2OBLXECPSUHGCR
BAEKSFEY?type=worldNews&storyID=551343&section=news
U.S. underestimated war costs by billions
Wed 21 July, 2004 22:33
By Anna Willard

WASHINGTON (Reuters) - The Bush administration has underestimated the 2004
cost of U.S. military operations in Iraq and Afghanistan by $12.3 billion
(6.67 billion pounds), says a report, fuelling criticism that the war has
been badly planned.

The shortfall is forcing the Defence Department to shift funds from other
uses, including pushing expenses from the 2004 fiscal year into 2005, in a
move likely to boost war costs further down the line, Congress'
investigative arm found.

"Analysis ... suggests that anticipated costs will exceed the supplemental
funding provided for the war by $12.3 billion for the current fiscal year,"
according to the report by the Government Accountability Office.

Congress approved an $87 billion emergency spending bill in October 2003 to
finance military operations in Iraq and Afghanistan through the end of
September.

Democrats estimate that the Pentagon has $5 billion left to fund the 2004
shortfall but will need to find $7 billion to cover it in the last two
months of the fiscal year.

"The administration has failed to budget for the war in Iraq and
Afghanistan," said the top Democrat on the House Budget Committee, Rep. John
Spratt of South Carolina.

"The time is long past for the administration to present a full accounting
of the cost of the war and to ask Congress to put up the resources needed to
fund it."

The White House Office of Management and Budget had no immediate comment on
the report.

The report warned that deferring activities planned for the 2004 fiscal year
"adds to the requirements that will need to be funded in fiscal year 2005
and potentially later years and could result in a 'bow wave' effect in
future fiscal years."

Congress is expected this week to approve, and send to President George W.
Bush for signing, the defence spending bill for 2005 which includes $25
billion in emergency spending for Iraq and Afghanistan.

The White House requested this money for the 2005 fiscal year beginning on
October 1, a move Democrats say is designed to keep down the size of the
record 2004 budget deficit ahead of the November elections.

The White House is expected to seek a larger emergency spending bill early
next year, after the elections, for Iraq and Afghanistan -- which Democrats
say will top $50 billion.

The GAO also criticised the Department of Defence for lack of transparency
into how the money it was sent by Congress has been spent. The report said
"large amounts" of funds were reported as miscellaneous, providing "little
insight" into where the money went.

Lawmakers have agreed to tighten controls and want monthly reports on the
how the latest $25 billion will be used.

But the GAO said "additional actions are necessary."

In a separate report, the GAO criticised the Army and Halliburton for their
logistics work in Iraq, citing the Army's poor planning and problems with
the Texas contractor's cost controls.





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www.ctrl.org
DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substanceâ??not soap-boxingâ??please!   These are
sordid matters and 'conspiracy theory'â??with its many half-truths, mis-
directions and outright fraudsâ??is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:

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<A HREF="http://www.mail-archive.com/[EMAIL PROTECTED]/">ctrl</A>
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