Monday, February 06, 2006

The First Incision

The T-P is starting to do surgery on the $85 billion number:
Federal officials have repeatedly pointed to the $85 billion that has been directed to the Gulf Coast, although a close look shows that money includes billions of dollars for temporary housing for flood victims, flood insurance payments and other direct assistance to local residents that is required by law.
I hope the next step is to crack the chest open to see where each penny is going. For example, are they including SBA loans? And the White House says $25 billion has been spent. Does that include the $13.5 billion in flood claims payments the government has already given out? Or the $3 billion in SBA loans(PDF file)? It must include the $6 billion FEMA has spent on financial and housing assistance. What else?

I got questions. Who got answers?


bayoustjohndavid said...

Let's not forget money for military bases and reimbursing school districts elsewhere. And I'll bet you a dime to a dollar that the new $18b that the prez is promising includes another $5.6B to fund the flood insurance program.

Schroeder said...

It's one more area where I think we bloggers can help to frame the direction of debate. You're doing a great job on this issue.