rskrause:
Things to keep in mind: The Government HAS NO MONEY. It’s all OUR money. Governments do not create wealth, they just redistribute it. Therefore, governement spending is a “zero sum game”. Every cent they spend is a cent that is taken out of someone else’s pocket. It is a foolish waste of money to spend billions to rebuild New Orleans. There are other cities that maybe it wouldn’t be so illogical. It’s that NO is still at great risk and that it simply doesn’t HAVE to be there or exist at all. If NYC were destroyed, it would be more logical to think about using public funds to rebuild - NYC is a hub of business and other activity that generates a huge amount of wealth. Of course, because of that it would likely be rebuilt anyway with private funds because it would be worth doing. But if the activity in NYC could be more cheaply and easily moved elsewhere, then so be it. Ditto for any other city.
Eh… to play devils advocate… NO is fairly important as it is a very important port city that sits at the mouth of what is possibly the busiest inland waterway in the entire world…