When President Bush announced last Thursday that the feds would take a lead role in the reconstruction of New Orleans, he in effect established a new $200 billion federal line of credit. To put that $200 billion in perspective, we could give every one of the 500,000 families displaced by Katrina a check for $400,000, and they could each build a beach front home virtually anywhere in America.
Wow, no wonder Bush is the biggest spending President in history. 400,000 a family. I wonder how much of that money will end up like all that grant money at the Louisiana Homeland Security Department. Big Government just never learns does it. Read It
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