Should We Rebuild New Orleans After Katrina?

Our leaders in the wake of the Hurricane Katrina tragedy have told us that we will not be broken, that we are strong and we are Americans and we will rebuild. Is it smart to rebuild a domed city that is 12-feet underwater? Do we have the technical expertise to do so? Will we do it right this time? 350-miles of levees protecting the city is a massive engineering challenge and if we are to rebuild are we up to it? The answer appears that we will, it may not be the wisest thing to do although it is mankind