IN TODAY'S WASHINGTON POST, Spencer Hsu reports that the Bush administration is "refusing to reimburse the District for most of the costs associated with next week's inauguration, breaking with precedent and forcing the city to divert $11.9 million from homeland security projects."

Federal officials have told the District that it should cover the expenses by using some of the $240 million in federal homeland security grants it has received in the past three years -- money awarded to the city because it is among the places at highest risk of a terrorist attack.

So does this mean the Bush administration considers inaugural parties to be a security risk? Bush is afraid that the inauguration festivities will increase the possibility of a terrorist attack, and so they're telling D.C. to use some of the homeland security money they were given to defend themselves?