Their plan is to just let the dangerous relestate fail, saving is not a priority, because you have situations where you end up replacing imminent failures, like new orleans. And we can't just spend money willy-nilly. New Orleans will never generate the revenue to justify its cost of replacement. The most unfortunate thing is, this is true of most Cities. Cities across the world, not just US.
More broadly, if you think about it, it's really just the first step in letting old people die, we let old developments die. This is a way to cut entitlement spending.
This makes sense from an imperialist perspective because you don't need the old people who are on average self-aware/slightly-smarter. You just need the young people to extract labor. and You want them as dumb as possible so they'll reproduce. Theocracies for the longest time adhered to this formula, and they were the earliest forms of large government.
Obviously, imperialism is bad, unfortunately, it's bipartisan, and it will get us all killed.
So, if you span this out, it LOOKS this way, because the system says, CAPITALISM above all else, at all cost. And all that is, is, plenty for a few, subsistence for most.
(Conspiracy theory) Even during covid, isn't it odd that with 1 voice, an entire party line decided, hey, deny vaccines, you think maybe they thought, hey, great way to "Load Shed" all these sick old people that we can't extract labor from.