$40 billion for Louisiana to rebuild
September 27, 2005 3 Comments
According to a Washington Post article, the Louisiana Congressional delegation has requested $40 billion for Army Corps of Engineers projects in Louisiana. This is ten times the current $4 billion/year budget for the Corps and 16 times the $2.5 billion the Corps states it will take to make levees that can withstand a Category 5 storm.
Farm Aid is considered inefficient when only 28% of the monies gets to the farmers. By Better Business Bureau standards, administrative costs of 40% are a good number. Louisiana needs 94% for overhead. Perhaps corruption requires a bit more overhead than standard administration?