Katrina Aid Program Is $2.9 Billion Short

Good luck to any or all who might have summer disasters; between the incompetence and lack of a Nat'l Guard to look out for our interests, we are fucked. On second thought, maybe Halliburton has it.

http://www.washingtonpost.com/wp-dyn/content/article/2007/05/11/AR2007051102366.html?hpid=topnews

Katrina Aid Program Is $2.9 Billion Short
Uncertainty Plagues La. Homeowners

By Peter Whoriskey
Washington Post Staff Writer
Saturday, May 12, 2007; Page A02

NEW ORLEANS, May 11 -- The massive federally funded program for rebuilding Louisiana homes is short nearly $3 billion, administrators told a state legislative panel here today, leaving uncertain for now how the owners of roughly 100,000 flood-wrecked houses here will be compensated.

The report represented the latest crisis for the aid effort initially created to distribute $6.9 billion in federal money to the owners of homes destroyed or damaged by Hurricane Katrina who lacked enough insurance money to rebuild.

More than 20 months after the Katrina catastrophe, tens of thousands of houses remain vacant, in part because of administrative delays in the aid program, the largest single source of direct federal help for homeowners. To date, only 16,000 of 130,000 applicants have received money.

Now, ICF Consulting, the Fairfax firm hired to administer the claims as part of Louisiana's Road Home program, projects that the allotted aid budget of $6.9 billion will fall $2.9 billion short of the claims from homeowners who have been promised checks.

The report set off a flurry of negotiating and political posturing over the origins of the shortfall and source of the additional money for the program.

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a LLLLOOOOOOONNNNNGGGGG way towards covering this shortfall. In fact, if they'd find that 'missing' NINE BILLION DOLLARS, we'd be in good shape.

Between the lack of funds, the inept FEMA and DHS, the absence of the NG, we will be well and truly screwn.

Seize our assets fuckers!