With mandatory military spending cuts looming next year, the United States will use a slush fund known as Overseas Contingency Operations (OCO) to pay for its new military campaign in Iraq and Syria, an analyst tells Press TV.
The Pentagon has estimated that the ongoing air offensive against the ISIL terrorist group is costing up to $10 million a day.
In addition, lawmakers have approved a measure authorizing the Pentagon to begin training and arming “moderate” Syrian militants into a proxy ground army against both ISIL and the Syrian government, a plan that could take years and cost over $1 billion.
In recent weeks, US military leaders have seized on the war on ISIL and increased military spending by China and Russia, imploring Congress to eliminate the nearly $500 billion in budget cuts that were planned over the next decade.
However, analysts predict that Congress will most certainly fund the ISIL war using the OCO account, a so-called war credit card with no limits in borrowing, according to Stars and Stripes, a military newspaper.
“This is a huge unlimited amount of money aside from the declared military budget in the United States,” Don DeBar, commentator and radio host from New York, said in an interview Saturday.
“It’s a war credit card, because this economy absolutely requires spending on military activities, because that is how it was developed,” he noted.
“Here, whatever the declared military budget is [for] maintaining thousands of bases and the navies and every ocean on the planet and everything they can put in the sky and who knows what else,” DeBar said, “If they need more money that is not authorized by Congress, they can just quote unquote borrow it.”
The analyst concluded that the “military contractors” in the US have “constructed this apparatus that has unlimited funding and can kill an unlimited number of people and impose military and political structure on anyone in the world.”
“That is its objective purpose,” DeBar said of the Overseas Contingency Operations fund.