The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (39723)	8/30/2005 11:34:40 PM
From: mishedlo	Read Replies (4) of 306849

RE:"Bush cut funding for a Levee study just last year." Serious? Got a link. PS...the levee in question was brand new. It appears that the money has been moved in the president’s budget to handle homeland security and the war in Iraq, and I suppose that’s the price we pay. Nobody locally is happy that the levees can’t be finished, and we are doing everything we can to make the case that this is a security issue for us. -- Walter Maestri, emergency management chief for Jefferson Parish, Louisiana; New Orleans Times-Picayune, June 8, 2004. But the cost of the Iraq war forced the Bush administration to order the New Orleans district office not to begin any new studies, and the 2005 budget no longer includes the needed money, he said. The Senate was seeking to restore some of the SELA funding cuts for 2006. But now it's too late. One project that a contractor had been racing to finish this summer was a bridge and levee job right at the 17th Street Canal, site of the main breach. The levee failure appears to be causing a human tragedy of epic proportions: pnionline.com

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