The tally for Hurricane Katrina waste could top $2 billion next year because half of the lucrative government contracts valued at $500,000 or greater for cleanup work are being awarded without little competition.What better proof than this, that the nature of any government no matter how "democratically" elected:is corruption and inefficiency.This is just a glimpse of how corrupt nationalized health care will be.Democracy is never accountable like an insurance company would be.
Federal investigators have already determined the Bush administration squandered $1 billion on fraudulent disaster aid to individuals after the 2005 storm. Now they are shifting their attention to the multimillion dollar contracts to politically connected firms that critics have long said are a prime area for abuse.
Monday, December 25, 2006
Abuse could push Katrina costs to $2 billion
MSNBC reports: