by DHB
Jack says:
We must all learn from our mistakes. Home owners or home speculators, either way, it’s not our taxpayers problem to solve. It was their choice and they took a gamble. If they didn’t understand the risks…they should have.
I ask:
Why doesn’t that same logic apply to the residents of New Orleans? What kind of idiot would reside in a below sea level flood plain that has flooded periodically over the centuries? What kind of idiot government would spend billions of dollars in aid, only to be criticized for not doing enough? What kind of idiot government would spend many more millions rebuilding in a place that never should have allowed habitation to begin with? What kind of idiot residents would move back in, knowing the risks? Just those who expect the idiot taxpayers to bail them out again next time.