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Tuesday, Sept. 13, 2005 11:07 p.m. EDT

Jesse Jackson: Compensate Katrina Victims

Rev. Jesse Jackson is calling for the creation of a Hurricane Katrina Victims Compensation Fund that could dole out tens of billions of dollars to New Orleans flood victims over and above the $60 billion already appropriated by Congress for reconstruction.

"We need a Hurricane Victims Fund to provide resources to the affected people and families, based on the same compensation and assistance formula of the 9/11 Victims Fund," Jackson says on his Rainbow/Push web site.

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  The 9/11 fund distributed $7 billion to the families of those killed in America's worst terrorist attack, in exchange for a promise that they wouldn't bring crippling legal action against American and United Airlines, whose planes were hijacked.

Jackson's call for a 9/11-style Katrina fund echoes former New Orleans Mayor Marc Morial, who's urging Congress to establish a Katrina victims' Bill of Rights that would include compensation.

Outlining his plans Monday night in a speech at the University of Pennsylvania, Morial slammed the Bush administration for what he said was its "miserably failed response" to the storm.

Morial suggested that a massive victims' payout would "ensure that this never happens again."

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