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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Sully- who wrote (62388)8/31/2005 11:27:42 PM
From: abstract  Read Replies (2) of 65232
 
The Corps never tried to hide the fact that the spending pressures of the war in Iraq, as well as homeland security -- coming at the same time as federal tax cuts -- was the reason for the strain. At least nine articles in the Times-Picayune from 2004 and 2005 specifically cite the cost of Iraq as a reason for the lack of hurricane- and flood-control dollars.

In early 2004, as the cost of the conflict in Iraq soared, President Bush proposed spending less than 20 percent of what the Corps said was needed for Lake Pontchartrain, according to a Feb. 16, 2004, article, in New Orleans City Business.

editorandpublisher.com
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