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aDe illustrates the differences between various flood control programs.

Date: 2006-01-20 12:13 am (UTC)
From: [identity profile] mmcirvin.livejournal.com
Shortly after the New Orleans flood, some newspaper windbag--I think it was either David Brooks or Charles Krauthammer--wrote something about how the disaster showed that Americans had simply become dependent crybabies prone to run to the federal government instead of helping themselves because of federal flood insurance, as opposed to Britain where flood insurance is mostly private; and that it just went to show that government solutions weren't the answer. I immediately looked up the Thames Barrier project and determined that it had been built with public funds. Maybe they need to dynamite it before they all succumb to the moral hazard.

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