cost of war update
Wow, that was fast. Just days ago, Dick Cheney declined to discuss the cost of war on Meet the Press, part of a long-standing policy of shrugging off questions--declining even to estimate--about how much the war will cost.
That was then. Now that Bush has given the order, though, he's quick to present the bill; about US$90 billion in funding requests are expected shortly, based on as assumption of one month of conflict. The figure does not appear to include costs of rebuilding Iraq, estimated at US$100 billion.
Concerns about the costs of war appear to be threatening Bush's latest
bankruptcy policy tax-cut proposals, and I think that's exactly the way to proceed: This war will be paid for, dollor for dollar, by new, verifiable revenue sources. No borrowing, no compensating spending cuts for programs the Republicans want to cut anyway. We can start with Bush Tax Cut Round 1, and if necessary move on with a series of Bush War Taxes. It's time for Bush to put his priorities where his mouth is.