The House overwhelmingly passed a $20 billion water projects bill Wednesday night despite a promised veto by President Bush, who complains the bill is laden with costly pet projects and shifts new costs onto the government…. This year’s bill includes some $3.5 billion for Katrina-damaged Louisiana, plus more than $2 billion for projects in California and $2 billion for Florida, mostly for restoring the Everglades. Another $1.95 billion is included for seven new locks on the upper Mississippi and Illinois rivers and $1.7 billion for repairing the region’s ecology. (USA Today, Thursday)
All of it to be well spent this time — really.
FEE Timely Classic
Water Markets Are the Answer (pdf) by Charles Oliver