The idea of rebuilding New Orleans with tax dollars deserves to be ridiculed. Most of us learned in economics 101 about monetary incentives and how they can encourage or discourage certain economic activity. Offer a big enough incentive, and people will do things they would normally abhor.
The lesson of Hurricane Katrina is that it's a bad idea to live below sea level on the coast in a hurricane zone. If people want to rebuild such a site after it has been destroyed by a hurricane, let them do it but with their own money. But I'm not entirely without compassion. Yes, let's rebuild New Orleans, then relocate it somewhere inland — like South Dakota.
Steven E. Yorgason