OK, doing the arithmetic, does this mean that Armstrong Williams actually performed $152K worth of propaganda for the Bush administration?

According to an AP report in today's Washington Post:

Columnist Settles in Propaganda Case

Columnist Armstrong Williams has reached a settlement with prosecutors regarding payments he received from the Education Department to promote President Bush's agenda.

Under the agreement, Williams admits no wrongdoing but will have to pay $34,000. The deal was reached last week by Williams, the Education Department and its subcontractor, Ketchum Communications. . . .

The financial nitty gritty appears to be:

The Justice Department examined whether Williams performed the work that was promised in his $240,000 contract signed in late 2003 and cited in his monthly reports. Williams received a total of $186,000 under that contract, according to a 2005 Government Accountability Office report on the matter. Ultimately, prosecutors determined he was overpaid $34,000.

So, unless we've screwed up the math (always a possibility), the story would appear to be that "Army" contracted to provide $240K worth of disguised administration propaganda but only came through with $152K worth, but now that he's paying back the $34K overpayment everybody's happy.

Just checking.