Tuesday, March 06, 2007

The oil cycle

President Bush put $175 million into his proposed federal budget for reducing congestion on America's highways. He also underfunded transit by $309 million. What part of congestion relief doesn't he get?

To fuel all those cars that will replace the buses that George Bush, Scott Walker and Jim Doyle don't want to fund, we will need more oil. And, of course, that means war. And that costs even more money than transit.

From OMB Watch:

A new round of defense and emergency appropriations will raise the total amount of money spent on the wars in Afghanistan and Iraq to nearly $750 billion by the end of FY 2008, according to a recent report by the Congressional Budget Office (CBO).

Later in March, Congress will begin consideration of President Bush's FY 07 request for an additional $93.4 billion in emergency war funding. $70 billion in war funding has already been appropriated for FY 07, bringing the likely total for incremental war expenditures (or additional funds needed for the wars, including reconstruction) to $163.4 billion for the current fiscal year.

The Bush administration requested $141.7 billion in war spending for FY 08 and projected $50 billion for FY 09. The CBO calculatesthat these requests will bring the total amount appropriated for the military campaigns to $746 billion. But costs will most likely exceed the FY 08 request, as the rate of spending in Iraq has accelerated each year of the war, mostly due to increasing equipment maintenance and repair costs.

The Congressional Research Service (CRS) estimates that total spending for the Iraq war alone will reach $456 billion by the end of FY 07 and that the Iraq campaign has received about seventy to eighty percent of all spending on the two wars. These figures from the CRS are only estimates because the Department of Defense has not released data on the disaggregated costs of each recent military operation. Indeed, there is no consensus among budget-monitoring government agencies as to how much money in total has been spent on the wars. The Department of Defense does not track budget outlays.

Now you understand. We need to cut transit to pay for the wars to get the oil we need to fuel the additional cars that are on the road because we cut transit.

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