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: 2
- Burning rubber: And public dollars - 0
- Hassan was right: 'Bullying' bill goes too far - 12
- Strategery: A war by any other name - 29
- Freeh dumb: Favoritism in Vt.? - 6
- Public be damned: Litchfield latest example - 2
- NH's 9/11 victims: We cannot forget - 0
- Celebrating Stark: And America, in Manchester - 0
- NH's Obamabots: Taking their cues from party bosses - 57
- Spending & voting: MayDay's wasted money - 5
READER COMMENTS: 1
- Charles Arlinghaus: NH's job problem needs more than one fix - 3
- USNH's raw deal: Part deux - 1
- College Sports Roundup: NEC's Locke scores twice in soccer win - 0
- NHIAA Roundup: Campbell, Jutras blank Gilford - 0
- Pirates stay hot, blank Red Sox - 0
- Londonderry police to open station to residents - 0
- Man accused of raping 13-year old in Nashua - 2
- NHIAA Golf: Crusaders teeing up special year - 0
- New Nashua computer curriculum stresses exam, lifetime skills - 0
Man accused of raping 13-year old in Nashua
Alleged accomplice in brutal Bedford home invasion, attack on doctor and wife, says his testimony was coerced
Seabrook mom pleads not guilty by reason of insanity to attempted murder of her two children
Win tickets to see Demi Lovato
Another View -- Sharon Day: The Democrats' claim to be the party for women is just not believable
Another View -- Bill Duncan: What did the NH Supreme Court really say about private school funding?
Every vote counts: Here is the proof