Wednesday, September 07, 2005

In answer to another post

lwiner - 5:30 PM ET September 7, 2005 (#33798 of 33811)
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Ask ernest, the expert

ernest_t_bass #33791 4:53 PM ET 9/7/2005

Cost/Benefit, eh?

Well Mr. Expert, what would have cost to make New Orleans safe from even a Category 5 storm?

We know the cost of repairing: $50 to $150 billion.

The cost of prevention would have been much less, is that not so? What is the old saying: An ounce of prevention is worth a pound of cure.

By the way, the US Treasury does not have the $50 to $150 billion, thanks to Bush�s fiscal mismanagement.

The money will have to be borrowed from the Chinese.

What if the Chinese say that they have retained a financial consultant and he has advised them to diversify their investments and that they are too concentrated in U.S. Treasury securities? What then?

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