Monday, December 17, 2012

How to profit from a disaster

From the Heritage Foundation:

Today, the Senate will begin debating a bill that was supposed to be disaster recovery funds for those devastated by the storm. But so many special-interest projects were added on that the $60.4 billion request has turned into a farce. Roughly $28 billion of the request is marked for future disaster-mitigation projects.

It includes:

The bill also seeks federal funding for things that are provided on a state and local level, or by nonprofits and communities, such as food for food banks.

 “Removing unnecessary items from the Administration’s request yields a reduced request of $12.8 billion in supplemental funds. These funds should be provided only after being offset by spending reductions.”
Using the excuse of a national disaster to fund roof repairs for the Smithsonian is almost enough to make one cynical, isn't it. 

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