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  Saturday  August 19  2006    11: 12 AM

guns or butter? i guess it's guns.

The Money Pit
Can the Pentagon pay for the war and its new toys?


If you think the invasion of Iraq was poorly planned, take a look at the Pentagon budget.

The appalling extent of the problem is spelled out in the July 28 edition of a little-known online newsletter called Budget Bulletin, published once a month or so by the Senate Budget Committee's Republican staff.

Drawing on the Defense Department's own data, the GOP staffers conclude that, over the coming decade, the military will fall drastically short of the money it needs to buy, operate, and maintain all the weapons systems churning through the pipeline. And though the newsletter doesn't say so explicitly, the main sources of this crisis are clear: the service chiefs' extravagant taste for more, new, complex weapons; the Pentagon managers' failure to set priorities; and Congress' tendency to pile on even more money than the military requests in order to swell the payrolls of local arms manufacturers.

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