Foundation for Economic Education
http://www.fee.org
Hurricane Aid-Givers Lose $1 Billion to Fraud
Posted By admin
Of about $6 billion in emergency aid intended for Gulf hurricane victims — including those infamous $2,000 debit cards, as well as emergency housing and other payments — an estimated $1 billion was lost to fraud, according to a devastating audit released yesterday by the U.S. General Accounting Office. (Philadelphia Daily News [1], Thursday)
No doubt a conservative estimate.
FEE Timely Classic
Hurricane Katrina: Government versus the Private Sector [2] (pdf) by Sheldon Richman
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/hurricane-aid-givers-lose-1-billion-to-fraud/
URLs in this post:
[1] Philadelphia Daily News: http://www.philly.com/mld/dailynews/news/local/14822005.htm
[2] Hurricane Katrina: Government versus the Private Sector: http://www.fee.org/pdf/the-freeman/1005Perspective.pdf
Click here to print.
Copyright © 2008 Foundation for Economic Education. All rights reserved.