Wednesday, August 31, 2005
IS REBUILDING NEW ORLEANS REASONABLE ?
A Fox News Neil Cavuto interview with Jack Chambless, Economics Professor, Valencia Community College, who basically says the government should not finance the rebuilding:
What we now have is the law of unintended consequences taking place, where FEMA (search) has come into New Orleans, a place where, ecologically, it makes no sense to have levees keeping the Mississippi River (search) from flooding into New Orleans, like it naturally should.
Now with FEMA bailing out Louisiana, bailing out Florida and lowering the overall cost of living in these places, we have people with no incentive to leave. And the law of unintended consequences means that more people are dying with every one of these storms.