In addition to ignoring, once again, the cost of military operations in Afghanistan and Iraq, Bush's 2006 budget assumes that there there will be substantial oil revenue from drilling in ANWR:
The 2006 budget released by the White House on Monday once again assumes that oil companies will be allowed to drill in the Arctic National Wildlife Refuge, banking that the companies will contribute $1.2 billion to both the national and the state treasuries in two years....In other words, we'll get enough oil for a month or so, and enough money to cover our costs in Iraq for a couple of weeks? And all we have to do is destroy a wildlife refuge?
ANWR wouldn't even be a drop in the bucket of the $2.3 trillion budget for 2006, since no revenues are foreseen until the next fiscal year. Oil lease payments for 2007 were projected at $2.4 billion, split 50-50 between Alaska and the federal government.
What's not to like?