https://theintercept.com/2017/01/24/get-ready-for-the-first-shocks-of-trumps-disaster-capitalism/
"In the Katrina aftermath, the attacks on vulnerable people, carried out in the name of reconstruction and relief, did not stop there. In order to offset the tens of billions going to private companies in contracts and tax breaks, in November 2005 the Republican-controlled Congress announced that it needed to cut $40 billion from the federal budget. Among the programs that were slashed were student loans, Medicaid and food stamps. In other words, the poorest people in the United States subsidized the contractor bonanza twice: First, when Katrina relief morphed into unregulated corporate handouts, providing neither decent jobs nor functional public services; and, second, when the few programs that directly assist the unemployed and working poor nationwide were gutted to pay those bloated bills. This is the disaster capitalism blueprint, and it aligns with Trump’s own track record as a businessman all too well."
