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ned-flanders

Katrina costs borrowed, deficit raised, taxes not raised, etc. etc.

WASHINGTON, Sept 16 (Reuters) - President George W. Bush's advisers said on Friday billions of dollars needed to rebuild New Orleans and the Gulf Coast will be borrowed and will raise the deficit but Bush still wants to extend tax cuts...
"The last thing in the world we even need to be thinking about is raising taxes. A strong economy is what is going to pay for rebuilding the affected areas," [White House economic adviser Allan Hubbard] said...

The White House is still trying to figure out how much our conservative leader wants to spend, but some figures have already been mentioned:

- $2 billion to create a Gulf Opportunity Zone in Louisiana, Mississippi and Alabama
- $2 billion was proposed for reimbursing school districts that enroll significant numbers of displaced children
- a school voucher system of some kind
- Worker Recovery Accounts that would help hurricane victims find work by providing up to $5,000 for job education, child care or transportation
- $350 million would be paid to states to cover Medicaid and Medicare costs for storm victims
Hubbard and Claude Allen, Bush's domestic policy chief, had no cost estimate of a third proposal, the Urban Homesteading Initiative

In other news, remember when many trusted Jim and Tammy Faye Bakker because they were good God-fearing folk? Then, remember when we found out their were basically just fakes and scoundrels?

...Bush told a service at the National Cathedral the hurricane was "beyond any human power to control, but the restoration of broken communities and disrupted lives now rests in our hands."
He said the recovery offers a chance to end poverty generated by decades of racial segregation and will "measure our unity as a people."
"As we clear away the debris of a hurricane, let us also clear away the legacy of inequality," he said at the solemn service, part of a national day of prayer and remembrance for victims of Hurricane Katrina...

There are more sanctimonious and free-spending quotes in "Bush: Spending cuts, no tax hikes, for Katrina" for those who have the stomach for it.

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