Tuesday, February 01, 2005

Military Can't Afford Halliburton in Iraq?

The WSJ reported a $4 to $7 billion gap between the US Army budget and Halliburtons estimate of the costs to provide housing, food, and other services to US servicemen in Iraq. 

"The difference dramatizes the cost crunch facing the Pentagon as the bill for the U.S. involvement in Iraq continues to escalate well beyond initial White House estimates. Before the war began in March 2003, the administration said it would cost about $60 billion. The price tag is now more than three times that figure, and growing. President Bush is expected to soon send to Congress an $80 billion supplemental spending bill, largely to cover Iraqi operations, pushing the tab for the current fiscal year, which began on Oct. 1, to $105 billion."

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