Katrina Math

September 29, 2007

Larry Kudlow (CNBC host), made an interesting observation - you and I, as well as all other taxpayers have spent (invested?) over $127 billion for Katrina damages and recovery. Larry said “We should have just divided this amount in the number of recipients - each person would have received about $425,000. In New Orleans, a family of four would have received some $1.7 million.”

Isn’t this amazing - the government is the most inefficient organization possible.

September 29, 2007 | Filed Under Politics

Comments

One Response to “Katrina Math”

  1. doctorj on September 29th, 2007 7:52 am

    Kudlow needs to do his research. $127 billion was for the entire Gulf South, three states. Most was for aid immediately after the storm. 35 % of this amount is “allocated” for recovery, half of which is still sitting in the US treasury because of the unbelievable red tape it is tied up in. Yep, government is useless.

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