Friday, October 24, 2008

Bushonomics US: Bush's 2009 War Budget

14 October 2008

US President George W Bush signed the fiscal 2009 defense budget into law Oct. 14, authorizing a $512 billion base to support military readiness, as well as $66 billion for operations in Iraq and Afghanistan.

The law also authorizes a 3.9 percent pay raise for servicemembers, to take effect Jan. 1. This represents a one-half-percent increase over Bush’s initial request.

Bush signed the bill into law the morning of Oct. 14 without issuing a public statement, before leaving the White House to meet with Defense Secretary Robert M. Gates and the Joint Chiefs of Staff at the Pentagon.

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