Dave Land wrote:
Are you saying that countries like Japan do not have health or education budgets? I think the biggest contributor to our /not/ having the budget for projects like this would be military spending.
Hell no - just that they have lots of money (esp true when they started this). They had significant reserves and their balance of trade was huge, so they can do both social spending and infrastructure investment. I would have thought it was too late for the USA to make large scale cuts in military spending - much of the talk we hear these days is that the military is stretched too thin to provide the protection expected of it.
Of course, the flip side to this argument is that even if it cost 10 billion to do it right, the economic cost of Katrina's flood damage is going to be higher than that anyway...
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