WASHINGTON (AP) — The government's main disaster aid account is running woefully short of money as the Obama administration confronts damages from Hurricane Irene that could run into billions of dollars.
With less than $800 million in its disaster aid coffers, the Federal Emergency Management Agency has been forced to freeze rebuilding projects from disasters dating to Hurricane Katrina to conserve money for emergency needs in the wake of Irene. Lawmakers from states ravaged by tornadoes this spring, like Missouri and Alabama, are especially furious.
For a second, I thought that "disaster aid" was a reference to Obama's re-election donations, but then I realized that it couldn't be, since his coffers are overflowing now that Wall Street donated a teensy fraction of what he gave them during his occupation of the Oval Office.
Obviously, the solution to FEMA's plight is to buy more bankers' gambling IOUs. Those wadded-up pieces of paper with drunken scribbling are what made this country great!