Katrina could cost 400,000 jobs: CBO:
The damage from Hurricane Katrina could include up to 400,000 lost jobs and slower U.S. growth, a congressional report said on Wednesday, as President George W. Bush sought $51.8 billion in fresh aid for the disaster zone.
If the Congressional Budget Office is so sure of the number, perhaps that’s the number the Federal government plans to lay off.
Otherwise, they’re just pulling smoke out of their arse.
