Needed: A 50-year flood plan
Money has been coming in dribs and drabs. Billions of dollars is big, but before you get adequate flood protection for New Orleans, you better start thinking about $50 billion to $100 billion, and 50 to 100 years to do it. The Netherlands had its Katrina in 1953, and it is still developing its system. It has expended about $50 billion. You don't have to be a professor to get it.
But we can see some strides going forward. Local citizens who want protection are now involved in getting that protection. There's a recognition that flood protection is not just a New Orleans problem, it's a national problem, it's a problem in our own Sacramento Delta; it extends to Kansas, Chicago. We've been watching it unfold across the U.S. last week.
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