Pentagon faces cash crunch in October

[unhappycamper]

Pentagon faces cash crunch in October
By Rick Maze - Staff writer
Posted : Thursday Sep 13, 2007 6:26:24 EDT

The Defense Department can expect problems with cash flow for continued military operations in the first few weeks of October while lawmakers scrutinize the almost $200 billion wartime supplemental funding request.

Sen. Robert Byrd, D-W.Va., the Senate Appropriations Committee chairman, said Wednesday that his panel won’t even start looking at the wartime spending budget until after the new fiscal year begins Oct. 1.

Pentagon officials have warned Congress that they will have used up all existing war funds by about the second week of October and would have to dip into money set aside for other programs if Congress does not act by then.

Byrd said he wants to hold hearings to look at the Bush administration’s pending $147 billion request for supplemental funds and an expected $50 billion increase, and to consider the requests for money in light of administration plans for continued operations.

“I assure the committee that we will not write a blank check for this war,” Byrd said.

Cash-flow problems could be even more severe if lawmakers are unable to pick up the pace on government funding bills. Byrd’s remarks came at a meeting in which the committee passed the $448.6 billion peacetime defense appropriations bill that is supposed to cover the fiscal year that begins Oct. 1.


Rest of article at: http://www.armytimes.com/news/2007/09/military_war_cashflow_070912w/

[sinkingfeeling]

1. Tell them to hold a bake sale! Or better yet, just get the treasury to print up some more

$billions, like it did to help out Wall Street!

[Double T]

2. You must mean the pentagon should hold a half-baked sale.

Wonder how many more billions of US Dollars need to be printed until the actual value is pennies on each dollar? The USA is the wackiest country in the world led by the totally criminally insane.

[EVDebs]

3. The War On Waste - DOD can't account for $2.3 TRILLION

http://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtml

It went into someone's pockets. Just not "the people's"