Thursday, July 22, 2004

Ooops, underestimated

Again.

The US government has underestimated the 2004 cost of American military operations in Iraq and Afghanistan by 12.3 billion US dollars, according to a congressional report released on Wednesday.
Xinhuanet article

Not bad.

The money gap is forcing the Pentagon to shift funds from other uses, including pushing expenses from the 2004 fiscal year into 2005, said the report by the Government Accountability Office, an investigative arm in the Congress.

Don't you love accounting? It just fixes everything.

But, hey. It's not over. Are we going to push the 2005 expenses into 2006 then?

Pentagon officials are trying to make up for the shortfall by transferring money from other accounts and delaying refurbishment of worn-out equipment in Iraq...
NY Times article

A nice recovery of fraudulent and excessive charges lawsuit against Helliburton with some punitive damages might also work.

It's just an idea.

The good news is that we're way under budget on the reconstruction effort. Mostly because we're not reconstructing.

....but hey, do what you want....you will anyway.

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