[DeeOhGee]

here is an idea; If the people of NO and LA want to rebuild, let them pay for it. The dim Gov and Mayor can explain to their people the high taxes are to rebuild a city that will likely flood again in the future!

I agree. But you can bet your federal tax dollars - and mine - will go to rebuilding it, in manner just as vulnerable as before.

[evad]

Assume you were to rebuild somewhere further inland, above sea level, how do you determine who owns what??

[Belasarius]

I'd like to hear exactly how the rebuilding would be financed. I understand only about 40% of the residents had flood insurance. My understanding is all flood insurance is underwritten by the federal government. I have it. I live about 10 feet from a a pretty good size creek.

Does the flood insurance program go broke? It seems that if people are paying into it throughout the entire country and it is not operated at a loss then it doesn't make much difference if the insured rebuild there or somewhere else.

I don't think I'd want to replace all my personal possessions more than one or twice in a lifetime though. I'm sure FEMA will be handing out checks to people. I don't know exactly how that is handled either. Anybody know?