2008-05-31nakedcapitalism.com

The Pentagon's core budget - already a staggering US$300 billion when Bush took the presidency - has almost doubled while he's been parked behind the big desk in the Oval Office. For fiscal year 2009, the regular Pentagon budget will total roughly $541 billion (including work on nuclear warheads and naval reactors at the Department of Energy).

The Bush administration has presided over one of the largest military buildups in the history of the United States. And that's before we even count "war spending". If the direct costs of the wars in Iraq and Afghanistan, as well as the global "war on terror", are factored in, "defense" spending has essentially tripled.

As of February 2008, according to the Congressional Budget Office, lawmakers have appropriated $752 billion for the Iraq war and occupation, ongoing military operations in Afghanistan, and other activities associated with the "war on terror". The Pentagon estimates that it will need another $170 billion for fiscal 2009, which means, at $922 billion, that direct war spending since 2001 would be at the edge of the trillion-dollar mark....


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