Thursday, September 07, 2006

The Final Word on Federal Money Coming to the Gulf Coast

Not that I am obsessed or anything…

This is what the President was saying when he visited the area August 29:

I've come back to New Orleans to tell you the words that I spoke on Jackson Square are just as true today as they were then.

Since I spoke those words, members of the United States Congress from both political parties came together and committed more than $110 billion to help the Gulf Coast recover. I felt it was important that our government be generous to the people who suffered. I felt that step one of a process of recovery and renewal is money.
In a report released yesterday, the Government Accountability Office, the agency that “studies how the federal government spends taxpayer dollars,” gave a different number (page 72 of the PDF):
To date, Congress has appropriated approximately $88 billion of federal support through emergency supplemental appropriations to federal agencies for hurricane disaster relief and recovery efforts related to the 2005 hurricanes.
The GAO report seems to agree with my breakdown:
* September 2, 2005 – $10.5 billion in a disaster relief bill

* September 8, 2005 – $51.8 billion in a disaster relief bill

* December 31, 2005 – $5 billion in a spending bill (along with $24 billion diverted from already authorized funds, but not new money)

*June 15, 2006 - $19.8 billion in a spending bill
Okay, maybe I am obsessed.

5 comments:

oyster said...

So where is the other $22 billion they're claiming to have "committed"?

Flood insurance? Go Zone tax cuts?

Mr. Clio said...

Keep poundin', bra. Some things are worth obsessing over.

da po' boy said...

Some estimates say flood claims will be around $23 billion. That's probably what he's counting, even though the NFIP can only borrow $21 billion right now and hasn't paid out that much yet.

Mark said...

Man, don't every stopped being obsessed with this. I mean, the T-P and the rest of the MSM have to get this stuff from somewhere.

Loki said...

Do not stop obsessing! Your cnsistent number crunching is both an asset and a joy. I wish I had the time and focus to do that sort of digging, but alas the best I can manage is what you see.

Fucking great job!