“The cost of the levee system envisioned by Sen. Clinton is tabbed at $40 billion. Restoring other infrastructure would increase the cost. The question is whether that’s the best use of our resources. For $40 billion, you could give more than $61,000 to every Louisianan displaced by Katrina — nearly a quarter of a million dollars for a family of four.
Here’s the question that ought to be considered: Would those people prefer that the money be spent shoring up dikes around a natural lake? Or would they rather get the money themselves and decide whether to stay or migrate to less soggy terrain?
Many, if not most, would choose the cash. That option may be especially appealing since the new levee system can’t be completed before 2015 — which means that over the next eight years, anyone living in New Orleans has a good chance of being washed away again. A lot of locals have already voted with their feet, decamping to Baton Rouge, Houston, Atlanta and Memphis, with no intention of coming back. ”
Another interesting read: “The Myths of Hurricane Katrina – Myth number one: A lack of federal money”