April 24, 2006
GOAT ROPE OF THE WEEK: IRAQ AGAIN
Caption: The Bush administration promoted the war on Iraq as a quick, relatively inexpensive venture that would make the US safer. Like the peacock Ferdinand, they had it backward.
For the second week in a row, the unnecessary war in Iraq gets the Goat Rope of the Week award. Human costs aside, the war is about to get even more expensive according to an ABC News report.
The Senate is set to take up a $106.5 billion emergency spending bill, $72.4 billion of which will go to Iraq and Afghanistan. In March, the house passed a $92 billion version of the bill that included $68 billion in war funding. Earlier this fiscal year, $50 billion was allocated for the war.
The report quotes analyst Tony Cordesman of the Center for Strategic and International Studies who blames high costs on poor planning: "When the administration submitted its original budget for the Iraq war [$50 billion], it didn't provide money for continuing the war this year or any other. We could end up spending up to $1 trillion in supplemental budgets for this war. "
The Center for Strategic and Budgetary Assessments estimates that war spending from 2003 to 2006 will amount to a cost of $1,205 for each American family beyond what they already pay in taxes.
To see the report, click http://abcnews.go.com/International/story?id=1866779&page=1.
The most bizarre thing about the fiscal goat rope is the choice of the administration to cut taxes mostly for the wealthy during wartime, a measure analogous to taking gasoline out of your car before you go on a long and dangerous trip.
And what a long and dangerous trip it's been.
GOAT ROPE ADVISORY LEVEL: STRATOSPHERIC
by El Cabrero