In the NY Times:
Osama and Katrina
Besides ripping away the roofs of New Orleans, Katrina ripped away the
argument that we can cut taxes, properly educate our kids, compete with India and China, succeed in Iraq, keep improving the U.S.
infrastructure, and take care of a catastrophic emergency – without
putting ourselves totally into the debt of Beijing.
So many of the things the Bush team has ignored or distorted under the
guise of fighting Osama were exposed by Katrina: its refusal to impose a gasoline tax after 9/11, which would have begun to shift our economy
much sooner to more fuel-efficient cars, helped raise money for a rainy day and eased our dependence on the world’s worst regimes for energy; its refusal to develop some form of national health care to cover the 40 million uninsured; and its insistence on cutting more taxes, even when that has contributed to incomplete levees and too small an Army to deal with Katrina, Osama and Saddam at the same time.