Home » Opinion » Editorials
Crazy flood insurance: Encouraging bad decisions
Here is a shocker: The federal government encourages wasteful spending.
We know you know this, but the number of ways in which it does so is never-ending.
Hurricane Sandy wreaked havoc along coastal areas, but states will use federal disaster funds to rebuild in the same areas, and the taxpayer will again subsidize homeowners through cheap federal flood insurance that encourages them to rebuild in the same flood-prone areas.
None of this makes sense, especially with our current federal debt. Besides the flood insurance program, which Congress is finally looking at, the federal government pays 75 percent of the cost of storm-damaged infrastructure to states and localities.
And the states and localities keep right on rebuilding infrastructure in questionable areas.
New Hampshire shouldn't just tsk, tsk, however. The Granite State bellies up to the federal bar and requests disaster relief for everything from high winds to snowstorms.
This has got to stop. It will, of course, when we are all bankrupt.
READER COMMENTS: 0
- New Derry school year launch honors everyday heroes - 0
- Stevens High School in Claremont to have start pushed back to Sept. 10 because of renovations - 0
- Plymouth State's $32 million health, track facility seen as student draw - 0
- Free school meals rejected as Manchester board bucks federal program - 49
- Proposed hike for Manchester's driver education course reversed - 1
- With SNHU merger on hold, search renewed for NHIA president - 0
- Interim president encouraging student growth at WMCC - 0
- Pinkerton superintendent tours school in hors- drawn carriage - 1
- Granite State Arts Academy in Derry ready to open its doors - 0
READER COMMENTS: 0
- NH Motor Speedway to again host two Sprint Cup Series weekends in 2015 - 0
- St. Anselm football players practice ini August heat - 0
- White, Glenn lift Fisher Cats over Harrisburg, 6-4 - 0
- KSC field hockey first in coaches poll - 0
- New England Patriots guard Mankins traded to Tampa for TE Wright - 0
- NH Fisher Cat Lee still striving for making it to the major leagues - 0
- Former city restaurateur gets jail sentence for sex assault - 0
- Former high school art teacher gets suspended sentence in drug case - 0
- New Manchester school district standards to give teachers more leeway - 0
Backyard boulder kills Raymond homeowner
Market Basket: 'So close, yet so far'
Reports: Market Basket doomsday plan would shutter 61 of 71 stores if deal not struck soon
GOP for legal pot? Hemignway's high help
Ohio's Rob Portman: GOP can win back Senate