Wednesday, September 28, 2005

Louisiana's Looters :: WaPo

The mainstream media has not made it widely known, but they grossly overstated the post-Katrian mayhem in Louisiana.

Or, perhaps not. The small government libertarians on the Washington Post editorial board are on to something:

The state's representatives have come up with a request for $250 billion in federal reconstruction funds for Louisiana alone -- more than $50,000 per person in the state. This money would come on top of payouts from businesses, national charities and insurers. And it would come on top of the $62.3 billion that Congress has already appropriated for emergency relief.

Like looters who seize six televisions when their homes have room for only two, the Louisiana legislators are out to grab more federal cash than they could possibly spend usefully.
. . .
The Louisiana delegation has apparently devoted little thought to the root causes of the Hurricane Katrina disaster. New Orleans was flooded not because the Army Corps of Engineers had insufficient money to build flood protections, but because its money was allocated by a system of political patronage. The smart response would be to insist that, in the future, no Corps money be wasted on unworthy projects, but the Louisiana bill instead creates a mechanism by which cost-benefit analysis can be avoided. Equally, Katrina was devastating because ill-conceived projects have drained coastal wetlands and caused their erosion, destroying a natural buffer between hurricanes and human settlements. The smart response would be to insist that future infrastructure projects be subject to careful environmental review. But the Louisiana delegation's bill would suspend the environmental review process. Rather than grappling with the lessons of Katrina, Louisiana's representatives are demanding an astonishing $40 billion worth of Corps of Engineers projects in their state. That is 16 times more than the Corps says it would need to protect New Orleans from a Category 5 hurricane.
. . .
The Louisiana bill is so preposterous that its authors can't possibly expect it to pass; it's just the first round in a process of negotiation. But the risk is that the administration and congressional leaders will accept the $250 billion as a starting point, then declare a victory for fiscal sanity when they bring the number down to, say, $150 billion.

The Washington Post and Judge Posner are in agreement. Imagine that.

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