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President Bush Seeks $80 Billion In Military Funding
SecurityProNews
Staff Writer
2005-01-25
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President Bush today asked for additional spending towards military operations in excess of $80 billion, surpassing earlier estimates by a wide margin.
The money the President is seeking is earmarked for the Afghanistan and Iraqi conflicts. To date, the price tag for these conflicts is in the neighborhood of $300 billion. According to Reuters:
The money, announced after insurgents declared all-out war on the Iraqi elections, will be used to upgrade equipment for U.S. troops, and accelerate efforts to train and equip Iraqi forces, Bush said.
The $80 billion request will push funding for military operations in Iraq and Afghanistan to a record $105 billion for fiscal year 2005 alone, including $25 billion in emergency spending already approved. The new money will supplement the Pentagon budget, which already totals more than $400 billion.
Military operations in Iraq alone already cost more than $1 billion a week.
Congress is expected to approve the President's request.
About the Author:
SecurityProNews is a daily online and email publication focusing on internet security issues.
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