A Flood of Red Ink: The fiscal fallout from Hurricane Katrina by Jacob Sullum
Heritage Foundation budget analyst Brian Riedl estimates the federal deficit, which was projected to be $331 billion this year before Katrina hit, will rise to $500 billion in 2008 and $873 billion in 2015, largely due to hurricane relief and reconstruction, together with spending in Iraq and Afghanistan. Riedl cautions that "even these estimates could prove overly optimistic."


- posted by SARTRE @ 8:06 AM