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Old 08-30-2005, 06:14 PM  
Mr Pheer
Too lazy to set a custom title
 
Industry Role:
Join Date: Dec 2002
Posts: 21,930
Quote:
Originally Posted by davidd
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).
Regardless of those facts, what was not mentioned is that 25% of the oil coming in to the US comes thru the port and refineries in New Orleans.
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