Penny Wise and Pound Foolish

Penny Wise and Pound Foolish

Bush says he’s going to rebuild New Orleans, to the tune of $250 billion.  Fixing the levees would have cost $2.5 billion.  Today I read that he’s not going to have to raise taxes to do it.

My thought would be that the money would be better spent as compensation for the victims, so they can rebuild their >lives<, and give individuals and businesses some kind of incentive and/or tax breaks if they go in and build it.  It would certainly be less expensive, and probably do more good.  Besides, we don’t know how good Haliburton is at building stuff.