Two Years After Katrina, Billions in Relief Funds Are Missing

[babylonsister]

Two Years After Katrina, Billions in Relief Funds Are Missing

By Jeffrey Buchanan and Chris Kromm, AlterNet. Posted August 23, 2007.


This article is taken from the new report compiled by the Institute for Southern Studies called, "Blueprint for Gulf Renewal," giving a voice to grassroots advocates calling for greater federal accountability in the Gulf Coast rebuilding process. The report is available at: http://www.southernstudies.org/BlueprintShort.pdf.

When pressed on the slow pace of recovery in the Gulf Coast, President Bush insists the federal government has fulfilled its promise to rebuild the region. The proof, he says, is in the big check the federal government signed to underwrite the recovery -- allegedly more than $116 billion. But residents of the still-devastated Gulf Coast are left wondering whether the check bounced.

"$116 billion is not a useful number," says Stanley Czerwinski of the Government Accountability Office, Congress' investigative arm.

For starters, most federal money -- about two-thirds -- was quickly spent for short-term needs like debris removal and Coast Guard rescue. As Czerwinski explains, "There is a significant difference between responding to an emergency and rebuilding post-disaster."

That has left little money for long-term Gulf Coast recovery projects. Although it's tricky to unravel the maze of federal reports, our best estimate of agency data is that only $35 billion has been appropriated for long-term rebuilding.

more...

http://www.alternet.org/rights/60494/

[Benhurst]

1. Somebody ought to take a look in Bar Bush's purse.

[aquart]

2. Wasn't Karl Rove in charge?

[Tansy_Gold]

3. Ah, so THAT'S how they're gonna pay for the wedding! n/t

.

[notadmblnd]

4. Of course there is....

and it probably went to the same place the missing Iraqi billions went.

[Greyhound]

5. I'm shocked... shocked to hear this!

Imagine those nice conservative Christians losing track of that kind of money. I'm sure it Will turn up somewhere...

[WinkyDink]

6. It's called "Swiss bank accounts".

[The Backlash Cometh]

7. I'm willing to bet they ended up in a red county.

[spanone]

8. after all that stealing in Iraq, NOLA must have been a cinch

[mogster]

9. Thanks for info

I'll relay this to the KU :hi: