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Pastimes : Lake New Orleans -- Ignore unavailable to you. Want to Upgrade?


To: paret who wrote (942)9/26/2005 4:36:49 PM
From: ~digs  Read Replies (1) | Respond to of 1118
 
When the Government Helps -- and Hurts
finance.yahoo.com

After the Mississippi floods of 1993, FEMA (which administers the flood insurance program) literally paid some flood-ravaged towns to pick up and move to higher ground. The entire town of Valmeyer, Illinois, is now a mile and a half east of its former location -- and 400 feet higher. It doesn't flood anymore. Shouldn't we think about that as we look to spend billions of public dollars rebuilding New Orleans?