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Letter to the Honorable Charles W. Stenholm [i] (November 2003)

handle is hein.congrec/cbo8493 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas Holtz-Eakin, Director U.S. Congress Washington, DC 20515 November 17, 2003 Honorable Charles W. Stenholm U.S. House of Representatives Washington, DC 20515 Dear Congressman: As requested in your letter of October 14, 2003, the Congressional Budget Office has estimated the effect on its baseline projections of the policy alternatives that you specified. This letter supersedes our response dated November 6 and corrects the debt service calculation and associated totals from that letter. The attached table shows CBO's estimate of the total budget deficit and debt held by the public incorporating the following adjustments to its August 2003 baseline: * Extend all provisions contained in the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003; * Assume that the exemption amount for the alternative minimum tax is extended at its level for 2004 and indexed for inflation; Assume enactment of Medicare reform (including a prescription drug benefit) at the level assumed in the budget resolution; * Adopt the levels of discretionary budget authority proposed in the President's budget for 2004 through 2008 and the extrapolation through 2013 as presented in CBO's Analysis of the President's Budgetary Proposals for Fiscal Year 2004 (March 2003). Furthermore, include estimated spending from supplemental appropriations enacted in April and November 2003, and additional spending through 2013 for Iraq, Afghanistan, and Operation Noble Eagle.' 1. For 2005, CBO estimates that military operations related to the global war on terrorism would require about $30 billion in budget authority. As you requested, that figure assumes about 180,000 military personnel would participate in such operations-enough to maintain a 1 00,000-person occupation force in Iraq and current troop levels associated with Operations Enduring Freedom (Afghanistan) and Noble Eagle (domestic homeland security). The size of the military force associated with the global war on terrorism would decline to about 73,000 in fiscal year 2008 and require about $14 billion in budgetary resources in that year. The force level would then remain at that size through 2013 and costs would increase with inflation. www cbo gov

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