PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DuckTapeSunroof who wrote (448853)	8/27/2003 10:04:21 AM
From: TigerPaw	Read Replies (3) of 769667

not even close. You might think that the administration, faced with those costs and trillions of dollars in looming deficits would take some care in how it spends. <font color=brown>An Air Force plan to lease 100 refueling tankers from Boeing Co. will cost $5.7 billion more than buying the planes outright, according to a Congressional Budget Office report released yesterday. </font> washingtonpost.com <font color=brown>The CBO report says the Air Force "significantly understates" the cost difference. It notes that the leasing arrangement includes interest payments and $400 million for insurance, the report said. The report also said the lease does not comply with Office of Management and Budget rules. "The report says that the Air Force has broken numerous federal budgetary and leasing rules to make this lease a reality. . . . It violates 4 out of 6 principles of federal leasing,"</font> TP

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