When Taxpayers Pay People to Rebuild in Disaster Zones
New York Times: Please read “As Coasts Rebuild and U.S. Pays, Repeatedly, the Critics Ask Why,” by Justin Gillis and Felicity Barringer. As I noted on Twitter this morning, it`s a superb story on the unsustainability of federal programs that, in essence, encourage storm-ravaged communities (not just along coasts) to rebuild as before in hazard zones. The article centers on the counterproductive role of subsidized flood insurance and the 1988 Robert T. Stafford Disaster Relief and Emergency Assistance Act. One focal…
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