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
- Christmas spirit: Do you have more than a homeless man? - 1
- The Sony hack: Kim's judgment of Obama - 26
- Obama gets smoked: Castros celebrate in Havana - 35
- On naming the victim: It is Kibby's story now - 0
- After Newtown: A gun rights revival - 39
- Vermont's disaster: An Obamedy of errors - 15
- Jeb takes a dip: First Flavor of the Week - 21
- Asking about marriage: The Census should keep doing it - 3
- All lives matter: Even Al Sharpton says so - 14
READER COMMENTS: 0
- Dave D'Onfrio's Patriots Notebook: Finding a way to win - 0
- Sam Asano's Let's Invent: NoNose gets readers talking like nobody's business - 0
- Know the Law: Your trust can be named beneficiary of an IRA - 0
- Another View -- Bill O'Brien: Ask your state rep. to vote for transparency in the House - 0
- Old friends and a 'homeless angel' make for good stories anytime - 0
- Clooney gets it: Sony attack was not a 'crime' - 0
- New coats warm city kids, firefighters' hearts - 0
- NHIAA Roundup: Martin, Pinkerton top Salem in tournament - 0
- Inmate reported missing from Concord transitional unit - 0
The Sony hack: Kim's judgment of Obama
'Everybody was extremely fortunate'