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Originally Posted by DaddyHalbucks
Yes, there is alot of culture and history New Orleans, but I think the question of re-building is a very legitimate question.
It is built right in a disaster zone. Sooner or later it will be hit again.
Although the same may be true for San Francisco with the earthquake faults nearby.
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San Francisco contributes massively to the economy. This is a $$$ conversation.
Lousiana is the 6th poorest state in the union, and on a financial review, $100bil would be a lot to spend on a city in this state that is below sea level, and a cess pool.
The GSP (Gross State Product) is: 146,000,000,000
http://www.statehealthfacts.kff.org/...+State+Product
The state of Louisiana pays $20,000,000,000 a year in taxes. On a purely tax revenue basis, it would take 5 years to recoup the money (assuming $100 bil reconstruction on public works, FEMA assistance, etc etc).