The Governor today called the state budget crisis "our Katrina." Some Valley Congressman have called the water crisis "our Katrina." Yes, they are problems, but I would be pretty offended by this if I were from New Orleans, and it makes our leaders sound a bit out of touch in my opinion.
The estimates I have seen for Katrina's damage range from $70-$150 billion. Over 1,000 people were killed. Gas prices spiked across the country, etc.
It's not even close.