FY2008 -- Mixed Budget Signals

In the $2.9 billion budget for FY2008 he submitted to Congress today, President Bush takes a tentative step toward increased transparency by actually including details about military costs in Iraq in his request for $149 billion for the war (this on top of his nearly $100 billion supplemental war funding request today). His budget also provides an exit strategy -- out of deficit -- projecting a $61 billion surplus for 2012, sending a strong signal to Congress that he intends to win the battle of the budget and get it into the black. At the same time, his budget includes only $50 billion for the Iraq war for 2009 and not a penny after that. Not to say that that emboldens the enemy, but the math does seem to raise the question of whether the President has the resources to fight a two-front war, against insurgents in Iraq and deficits in Washington -- or should even be taken seriously about his intentions to fight it.
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