How can we fund universal childcare, Medicare for All, and a green economy while reducing inequality? A new plan shows how taxing wealth and corporate profits more fairly—and cutting wasteful spending—could pay for a fairer, more prosperous economy.
Grand Casino, Biloxi, MS, five months after Hurricane Katrina made landfall in Mississippi.
On August 29, 2005, the eye of Hurricane Katrina made landfall in Waveland, Mississippi, and the western side of the storm grazed New Orleans. Five months after the storm, I visited the Mississippi Gulf Coast.
Mississippi has allocated just over half its funds on housing, and has lowered its commitment to housing by over $800 million in the past 2 years. Louisiana has allocated over 85 percent to housing programs and increased its commitment over the same period.
Mississippi has spent just under half its funds, while Louisiana has spent almost 68 percent of its funds, widening its lead over Mississippi.
Mississippi diverted $600 million from its housing program to a port expansion, while Louisiana intends to reinvest $600 million in unused Road Home funds for housing assistance for low-income residents.
Mississippi took longer to spend less later for low-income residents than for wealthier residents.
Framed family photos rest on the foundation slab of a home obliterated by Hurricane Katrina in Bay St. Louis, Mississippi.
I emphasize Mississippi in this blog post because I know that nearly all of the fourth anniversary coverage of the ongoing Katrina aftermath, will focus myopically on New Orleans. The situation in New Orleans is still dire. The housing crisis is dire. But there will not be an adequate recovery until the interconnectedness of regions and issues becomes a fundamental insight that drives policy.
a hybrid model to partner directly with communities in planning, overseeing and administering recovery projects to assist the survivors of these disasters, provide communities with tools to build resilience against the impact of future disasters and revitalize the region economically. The bill would create a minimum of 100,000 prevailing wage jobs and training opportunities for local and displaced workers on projects reinvesting in infrastructure and restoring the coastal environment utilizing emerging green building techniques and technologies. This program would empower residents to realize their right to return with dignity and create stronger, safer, and more equitable communities.