Since you're the econo-jack, you must realize that there is an enormous price to be paid either way. One of them is short term, while the other one is long term. Which of these two is the better choice? I'll let you define which is which.
I agree absolutely that there is a huge price to be paid. My point is that the public officials in NO and LA in general have demonstrated that they can't be trusted with OUR money. Further, the citizens have turned a blind eye to the fiscal irresponsibility that good stewardship demands. Why should the rest of us shoulder the burden--long or short run--for a state that continues to elect such public servants. As I said before, Mr. Piper is in LA and it's time for THEM, not us, to pay him.