'There, I've said it': Brett
asks the Big Question about the Big Easy after the city is flooded for the second time in less than a month: "Are we really sure we want to rebuild New Orleans? There, I've said it." And he adds:
"The city had a population of around 600,000. So this $200 billion boondoggle would work out at $333,000 a head. Even the cheapest estimates put the rebuilding cost at $70 billion – or $117,000 per inhabitant. If we're going to spend all this money, can’t we just cut everyone there a check? Think of the advantages. Quick. Simple. They can start getting their lives back on Monday. No bureaucrats. No 'cost overruns.' No local guys in shiny suits buying a new Cadillac on the taxpayers’ tab. Everyone person stands in line, gets a check, and hops the Greyhound out of town."Hub Blog's response
-- I guess I'm sentimental, but I'm still not persuaded. Yet Brett's point that 'rebuilding' really means rebuilding landlords' homes to rent back to poor people is a compelling argument for making sure poor people become true land owners after all of this is done. I'd rather see the cash in poor people's pockets than politically wired contractors' pockets...Update
-- Reader No. 1 and I were talking about rebuilding New Orleans
back in early September. Remember: Valmeyer.
... At the least some neighborhoods can and should be moved to higher ground. Throw in first-time home ownership offers, and you'll have a lot of enthusiastic takers. The last thing we need is tired liberal/compassionate conservative 'housing' programs.