I have a problem. New Orleans and its inhabitants are entitled to our sympathy, and to whatever monies their insurance companies are requried to pay. If they didn't insure themselves, they are out of luck.
After all, if Federales keep bailing out idiots who live in coastal cities built below sea level and fail to purchase flood insurance for themselves, then why should ANYBODY buy flood insurance?
>>If they didn't insure themselves, they are out of luck.
Private charities will pick up a lot of that slack.
IMO The Feds should be paying for infrastructure rebuilding and that is about it.