Thursday, December 22, 2005

Fun with Numbers

I was surprised to read that only $5 billion dollars of the Katrina aid package approved by the Senate yesterday was new money:
Most of the hurricane aid — $24 billion — has already been authorized by Congress as part of a federal Disaster Relief Fund. The money now will be diverted from the fund, overseen by the Federal Emergency Management Agency, and sent directly to Gulf Coast states and victims.
I am not ungrateful for the $5 billion dollars, but I was under the impression that this was an additional $29 billion on top of what was originally given to FEMA (I believe $62 billion).

I am now wondering why that $24 billion dollars wasn’t already earmarked for spending and how much more money is just floating around waiting for direction. There’s nothing I dislike more than directionless Katrina aid.

1 comment:

bayoustjohndavid said...

Good point, I was wondering about that. The other question is how much of the Katrina aid money is actually aid to La. and Miss.? Forgive me for blog whoring, but I posted about it Tuesday. We know that $1.6B went to school systems elsewhere, some went to repair damage to military bases, etc. At the very least, the generosity is being overstated.