"Katrina costs will be borrowed, raise deficit"

I recently used an actual news headline as the title of a post, which I think was a first. Now I find myself doing it again. The tragedy is that we've been waiting years for the press to do just this--produce headlines that are based on fact.

WASHINGTON, Sept 16 (Reuters) - President George W. Bush's advisers said on Friday billions of dollars needed to rebuild New Orleans and the Gulf Coast will be borrowed and will raise the deficit but Bush still wants to extend tax cuts.

The day after Bush proposed one of the world's largest reconstruction projects for the area, White House officials said they were still assessing how much it will cost.

Thank you, Steve Holland and Reuters editors. You did your job.