13 March 2006

TIME Magazine: Why New Orleans Needs Saving

John Barry of RISING TIDE fame and-- gulp--Newt Gingrich, former Speaker of the House and Tulane alumn (1971), penned an article entitled "Why New Orleans Needs Saving" in last week's TIME Magazine. Check it out.

The entire article is worth reading but here's a good nugget:

There is no debate about the reality of that land loss and its impact. On that the energy industry and environmentalists agree. There is also no doubt about the solution. Chip Groat, a former director of the U.S. Geological Survey, says, "This land loss can be managed, and New Orleans can be protected, even with projected sea-level rise." Category 5 hurricane protection for the region, including coastal restoration, storm-surge barriers and improved levees, would cost about $40 billion--over 30 years. Compare that with the cost to the economy of less international competitiveness (the result of increased freight charges stemming from loss of the efficiencies of the port of New Orleans), higher energy prices and more vulnerable energy supplies. Compare that with the cost of rebuilding the energy and port infrastructure elsewhere. Compare that with the fact that in the past two years, we have spent more to rebuild Iraq's wetlands than Louisiana's. National interest requires this restoration. Our energy needs alone require it. Yet the White House proposes spending only $100 million for coastal restoration.

Washington also has a moral burden. It was the Federal Government's responsibility to build levees that worked, and its failure to do so ultimately led to New Orleans' being flooded. The White House recognized that responsibility when it proposed an additional $4.2 billion for housing in New Orleans, but the first priority remains flood control. Without it, individuals will hesitate to rebuild, and lenders will decline to invest.



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