Tuesday, October 26, 2004
STAYING THE COURSE
The Bigger the Mess, the Greater the Cost
Just so you know, and I'm speaking to you, the undecided voter concerned about the war and budget deficits, "staying the course" is a costly, to say nothing of dangerous, choice.
The Washington Post reports ("Increase in War Funding Sought," by Jonathan Weisman and Thomas E. Ricks):
The Bush administration intends to seek about $70 billion in emergency funding for the wars in Iraq and Afghanistan early next year, pushing total war costs close to $225 billion since the invasion of Iraq early last year, Pentagon and congressional officials said yesterday. [...]
The new numbers underscore that the war is going to be far more costly and intense, and last longer, than the administration first suggested. [...]
A $70 billion request would be considerably larger than lawmakers had anticipated earlier this year. After the president unexpectedly submitted an $87 billion request for the Iraq and Afghanistan efforts last year, many Republicans angrily expressed sticker shock and implored the administration not to surprise them again.
Timing is everything. Remember: The upcoming request is in addition to the $25 billion Congress allocated for Iraq and Afghanistan for fiscal 2005. So it was either $25 billion or $95 billion, but who's counting? Is anyone counting?
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JAMES MARTIN CAPOZZOLA
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James Martin (Jim) Capozzola launched The Rittenhouse Review in April 2002, TRR: The Lighter Side of Rittenhouse, HorowitzWatch, and Smarter Andrew Sullivan in July 2002, and Bulldogs for Kerry-Edwards in October 2004. He is also a contributing member of President Boxer.
He received the 2002 Koufax Award for Best Post> for "Al Gore and the Alpha Girls" (published November 25, 2002). Capozzola's record in the Koufax Awards includes two additional nominations for 2002 (Best Blog and Best Writing), three nominations for 2003 (Best Blog, Best Series, and Best Writing), and two finalist nominations in 2004 (Best Blog and Best Writing).
Capozzola’s experience beyond the blogosphere includes a lengthy career in financial journalism, securities analysis, and investment research, and in freelance writing, editing, ghost-writing, and writing instruction.
He earned his bachelor's degree in political science from the University at Albany and a master's in foreign affairs from the University of Virginia.
Capozzola lives in Philadelphia with his bulldog, Mildred.
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