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Tax cut zealotry planted time bomb in New Orleans costing $100 to $200 Billion bailout. What other Infrastructure time bombs exist? And Beggar Red States.
Category = Politics-misc
“In These Times” has an investigative piece on the Bush Administration’s history of disregarding the demands for levee funding from the Corps of Engineers and from Congress. A small investment in maintenance was repeatedly rejected in the face of high risk that a catastrophe would cost hundreds of billions. Hurricanes Rain on Bush’s Tax Cut Parade. How the Katrina catastrophe proves that conservatives’ tax cut zealotry has left america vulnerable to disaster — From In These Times.
As far as it goes, the piece is instructive about how “Political Expediency” sacrificed real needs and real people.
However, there is so much more to the story. I’m sure that prior administrations made some bad choices for the levees as well. Everyone who studied the levee issue at the time, over the years, knew that New Orleans was vulnerable and would cost many many billions to bailout, and far less to save.
Here are a few other things to consider:
Why should we do a bailout this year and let people rebuild just so we can subsidize the next disaster too? I hate the idea that hundreds of billions are going to be spent in 10 years to do all disater relief all over again. There is something different about the Mississippi - Louisiana gulf coast compared to Florida. The swamps flood larger populated areas, seemingly. The area is too vulnerable and should be bought out and set aside as a park, for our hundreds of billions.
I’ll listen to opposing views. One idea is to do the buyout and then have Congress pass a law that no further Federal hurricane assistance will be provided in any way, no flood insurance, no FEMA, no nothing, rebuild and live there at your own risk. Otherwise, the Feds will buy your land and provide relocation assistance. [Damn, I sound pretty radical and hard-hearted on this — I may have to rethink!]
We need a political awakening in the USA - We need to have a national debate about the shell game played so-called conservatives in the “Red States”, who rail against taxes and de-fund their own states, knowing full-well that the “Blue States” and the Federal Governement will be their sugar daddies in times of need. Times of need always come sooner or later.
This shifting of financial responsibility from the Red States to the Blue States is worthy of intense debate. Here in Missouri, we have something similar going on under the control of so-called conservatives, with a seemingly head in the sand reckless refusal to ask the public to cough up bucks for needed things, so we cut funding for the needed things and shift the day of reckoning to later on. At some point, a day of reckoning will occur and the cost of dealing with those things will go up tenfold.
Now, Who shall pay to maintain the highways? Bridges need expensive repair, or they will fall down. Or the bridges will be closed when they become too dangerous, disrupting our robust economy in some areas. New bridges are needed to better enable economic activity. These are real tangible investments in our future that pay dividends to keep our economy strong.
BUT —- If we underfund bridge repair, a bridge collapses or gets so bad it must be shut down and replaced. A few people get killed in the bridge collapse, and for a year or two traffic gets re-routed while a new bridge gets built. For $50 million we could have prevented the following: a $1 billion new bridge, a few possible lost lives, and maybe a couple of billion in lost economic activity or increased economic costs due to business being re-routed.
Shared investments in hard infrastructure, if logically chosen of course, pay huge dividends. They improve economic activity and quality of life.
We know that the day of reckoning will cost many times the maintenance costs, yet we deny funding of the maintenance costs for the pre-existing hard infrstructure. Makes no logical sense, although it makes short term perverse political sense
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And I wonder how many other levees and dams around the country are in dire need of maintenance or replacement …….. ?
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