Word: gulf
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...President Bush resolved to spend like drunken sailor, promising New Orleans “one of the largest reconstruction efforts the world has ever seen” along with a blank check. The government will spend “whatever it takes” to rebuild New Orleans and Gulf Coast reconstruction will “cost whatever it costs...
Senators Mary Landrieu (D-La.) and David Vitter (R-La.) took Bush up on his promise and presented a bill asking for $250 billion for Gulf Coast reconstruction, in addition to the $62.3 billion in already approved emergency spending (which works out to $312,300 per person potentially affected by the storm). The new bill includes $40 billion for the Army Corps of Engineers in Louisiana—10 times last year’s Corps budget for the entire country—as well as $50 billion for communities with vague “long-term recovery?...
...spending cuts, the country will simply go further into debt, which amounts to simply a delayed tax increase. And with discretionary spending soaring at eight percent each year under the Bush administration, there’s little reason to believe that there will be spending cuts to compensate for Gulf Coast reconstruction. Instead, our generation will be left to pick up the tab for our present-day leaders’ generosity...
...state that ranked third in per capita public corruption convictions over the past decade. (Neighborhing Mississippi was first.) Friends of the Bush administration are already salivating at the sight of billions in no-bid contracts, and like the reconstruction of Iraq, the money allocated for the reconstruction of the Gulf Coast is liable to windup in useless pet projects or outright malfeasance...
...know best. This gravy train—more than twice the inflation-adjusted size of the Marshall Plan—will please politicians (and their friends) but won’t actually help victims. Instead, the government should directly give victims money, allowing them to escape or rebuild the Gulf Coast as they see fit. The government should give victims vouchers and let the private market supply housing, not order FEMA to build refugee camps. Before the elephant of big-government conservatism stumbles into mangrove swamps, vowing to set things right, Republicans need to remember that the lesson of Katrina...