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Essay / Research Paper Abstract
A 4 page paper discussing the macroeconomic costs of rebuilding New Orleans in the wake of two record-breaking hurricanes and the floods resulting from levee breaks. The paper suggests that reestablishing the French Quarter as a tourist attraction and giving 10,000 households $100,000 each perhaps could be more beneficial than intense government involvement. Empowering families to make their own decisions about their futures can create and fuel economic activity that government spending cannot, creating a self-sustaining economy rather than a sinkhole for tax dollars. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSnewOrlRebld.rtf
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Unformatted sample text from the term paper:
Every imaginable figure - and some that arent - has been posed as representing the cost of rebuilding New Orleans in the wake of two record-breaking hurricanes and the failure
of aging levees. A high average appears to be in the neighborhood of $200 billion, more than two-thirds of the entire national budget. State and local governments are
out of money; most of the funds required to rebuild New Orleans will come from federal monies. Whether New Orleans should be rebuilt
appears to be a question based more in emotion than in economics. Perhaps Americas most unique cities before Katrina, the former New Orleans had a culture all its own,
and made unique contributions to American life. Not all of those contributions can be said to be "good:" Rachel Jackson, wife of Andrew Jackson, wrote of New Orleans, "Great
Babylon is come up before me ... Oh, the wickedness, the idolatry of this place" (Applebome, 2005). Another feature making New Orleans unique
among large American cities is that its population was comprised overwhelmingly of natives pre-Katrina. Only about 20 percent of the pre-Katrina population called another place home first and had
experience with moving from "home" to another place. Still, New Orleans very location was ill-advised from the beginning. Below sea level and
surrounded by water on nearly every side, it has always been vulnerable to the type of disaster that has now befallen it. Placing a city on the Mississippi delta
was as wise as building expensive houses on the barrier islands of the East coast, which are little more than sandbars that function as moving protection for the mainland. Economic
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