$85 billion won't rebuild New Orleans
The Times-Picayune has a great breakdown of the $85 billion number that the Bush administration keeps flailing around, illustrating that the numbers just don't add up to a serious commitment to rebuilding New Orleans. The Bush administration hasn't done anything more than simply live up to its legal obligations.
See the full graphic here, and the accompanying story here.
Once again, local bloggers have been way out ahead of the curve tackling the Bush administration's propaganda on this issue. da po' boy, oyster, and bayoustjohndavid covered this topic a long time ago.
posted by Schroeder @ 5:59 AM
2 comments
2 Comments:
Not to mention that some of that money, namely the SBA loans, will end up going back to the government, with interest. So it's only an initial expense that will later become income (except for those loans that end up being defaulted on.)
I thought that was the case, esp. since the state of Louisiana has to pay back much of the help it received. But then this White House was never good at math.
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