The Road Home Program is broke: they've got a shortfall of $2.9 billion and it could grow to $4 billion. This is money that's supposed to help New Orleanians come home and rebuild their homes. But, wooops, they hadn't calculated that insurance rates would rise after the disaster or that rebuilding costs would rise in the face of massive need and competition. What do they teach the MBAs who run these things?
It was bad enough that the U.S. Army Corps of Engineers destroyed 200,000 homes because of its willful negligence in constructing storm defenses in New Orleans. To then have the Road Home Program be such a disaster is just more salt in the wounds.
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