Why should New Orleans be rebuilt?

[Skinny Shooter]

Help me to understand why you think it should.
Because at this time I think it should be bulldozed over.

The city was spared a direct hit from Katrina.
If we rebuild, what happens when the city is hit directly by a hurricane and it floods again?
How much money is wasted before someone realizes that location is not a good idea?
http://www.usatoday.com/weather/reso...ne-betsy_x.htm
http://www.usatoday.com/weather/news/2000/wnoflood.htm

Thanks,
Allen