Larry Kudlow has an alarming look at the amount of spending the federal government has poured into
So, the president and Mrs. Bush went down to
Here’s a pop quiz: How much money has Uncle Sam spent on
I’ll give you the answer because you’ll never guess it. The grand total is $127 billion (including tax relief).
That’s right: a monstrous $127 billion. Of course, not a single media story has highlighted this gargantuan government-spending figure. But that number came straight from the White House in a fact sheet subtitled, “The Federal Government Is Fulfilling Its Commitment to Help the People of the Gulf Coast Rebuild.”
This is an outrage. The entire GDP of the state of
You might be asking, Where in the hell did all this money go? Well, the White House fact sheet says $24 billion has been used to build houses and schools, repair damaged infrastructure, and provide victims with a place to live. But isn’t everyone complaining about the lack of housing?
Perhaps all this money should’ve been directly deposited in the bank accounts of the 300,000 people living in
The fact sheet goes on to say that $7.1 billion went to the U.S. Army Corps of Engineers to rebuild the levees; that the U.S. Department of Education spent $2 billion on local schools; and that the Laura Bush Foundation for
So the billion-dollar question becomes: Where did the rest of that money go?
Meanwhile, according to an article by Nicole Gelinas at the Manhattan Institute,
Think of this: The idea of using federal money to rebuild cities is the quintessential liberal vision. And given the dreadful results in
Remember President Reagan’s line during the 1980 campaign about how LBJ fought a big-government spending war against poverty, and poverty won? Well think of all this Katrina spending as the Great Society Redux. And it failed. I suppose the current Bush administration would like to label this “compassionate conservatism.” But guess what? That failed, too.
Right from the start,
This is the real New Orleans Katrina story. It’s a pity that the mainstream media isn’t writing about it. Call it one of the greatest stories never told.
Comment: Do you think the other 49 States would be allowing this if they had some control in