-->

Monday, July 19, 2010

Modern finance

In South Louisiana we leverage our disaster funds to pay for our other disasters.

Now a supplemental appropriations bill that passed the House earlier this month would take $400 million from post-Katrina recovery programs like Road Home in order to fund other projects, including $304 million for Deepwater Horizon-related remediation and investigation. To some Louisiana residents, using any taxpayer money, much less hurricane-relief money, to clean up BP's oil just adds insult to injury. "Any provisions related to the spill should be paid for by the responsible party," says Monika Gerhart, director of policy and government relations for the Equity and Inclusion Campaign, a nonpartisan advocacy organization. "We're not yet recovered. So don't take our housing money."

It all works out because the number of incalculably expensive disasters always goes up.

No comments: