Don’t worry about the money

President Bush will spare no expense in rebuilding New Orleans and the rest of Gulf Coast. In his speech to the nation on Thursday night, he made it clear that the already-approved $62bn of federal spending was only the start of the national government’s contribution. Bush has already suggested such open-ended plans as a Gulf Opportunity Zone, an Urban Homesteading Act and Worker Recovery Accounts. The generosity is perfectly in line with the noble tone of the president’s discourse – «not just t...