Your tax dollars at work

But that Stan's no dummy, huh?

TUSCALOOSA, Ala. - With large swaths of the Gulf Coast still in ruins from Hurricane Katrina, rich federal tax breaks designed to spur rebuilding are flowing hundreds of miles inland to investors who are buying up luxury condos near the University of Alabama's football stadium....

"It is a joke," said Tuscaloosa developer Stan Pate, who has nevertheless used GO Zone tax breaks on projects that include a new hotel and a restaurant.

(Katrina aid goes toward football condos - AP via Yahoo! News)