Billions and billions

Cost of Recovery Surges, as Do Bids to Join in Effort
By EDMUND L. ANDREWS and CARL HULSE
White House officials and Congressional budget experts now assume that federal costs for the hurricane will shoot past $100 billion

It's time to start seriously considering a tax increase. We need a Katrina tax and an Iraq tax. Iraq has monetary costs of over $170 billion dollars and now Katrina will cost over $100 billion. The profligate Bush administration shouts out numbers to keep the angry population at bay, but how the hell are we going to pay for this? Where is the money coming from? Raise taxes. That's what needs to happen. Have a special Katrina tax and a special Iraq tax that will phase out after X years.

As for all that money, the real shame is that this is yet another dive for government handouts by the well connected.