“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes
"Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton
"Bad things" occur all over our nation...and the world.
Yes, people should have insurance, and the right insurance...which is costly, un-affordable for many.
I'd not write any insurance for any city 8 feet below sea level...this is insane !
I'd think that storm/flood coverage should be inexpensive in NYC, not so for NO.
The argument may be - should government displace the insurance companies ?
Another point on the Richter scale would have been interesting.
The last time water came near this high, but Not as high, was the Hurricane of 1821.Originally Posted by tessaeasque
Other storms not close enough to do the flooding damages of this one - and No storm in recorded history (I don't think) this Wide in significant damage.
That 1821 Hurricane which was the closest to this in severity, if Not area, was 10 years after the New Madrid earthquake, which monumentally destroyed a good part of the Mississippi River valley. Should they be buying Earthquake insurance or screw em?
**Generally I am Not for Federal help in what are by your own correct (IMO) standards are common problems.**
As I said earlier, there are truly grievous cases, such as below-sea-level AND Hurricane prone New Orleans which get both FEMA and rebuild aid, when they should only get Relocation aid... once.
Not to mention the whole Gulf and Southern Atlantic coast where Hurricanes are common.. along with FEMA et al.
Helping the Uncommonly hit heavily populated corridor from Washington to NY to Boston get back on it's feet I think is not only proper but beneficial the country as a whole.
It is, after all, a significant percent of the country by population alone.
Bottom Line: I feel if we are going to have ANY Federal disaster aid.. this easily/necessarily qualifies.
Last edited by mbig; 11-01-12 at 11:00 AM.
I'm personally sick of not being able to dunk a basketball because of racism.
Liberté. Égalité. Fraternité.
I believe the last storm of this size to reach NJ was 50 years ago and it was nothing like this one.
My answer would be as you said low cost loans and some kind of subsidized funding for homes that are certified as totalled so that these people have a chance at rebuilding. For those whose houses are totalled and the people want to move, the some kind of low cost mortgage.
Under ordinary circumstances like around the Mississippi where flooding is common or along the Florida coast I would agree completely with you. Buy what you need because these people choose to live in a hazardous area.
The people in question (again except along the shore) did not and so they should be given some type of a break.
"Those who do not learn from history and condemned to relive it".
"There are those who will debate the necessity of wilderness, I will not, either you know it in your bones or you are very very old". Aldo Leopold - Sand County Almanac
FEMA's budget (alone) is upwards of $13 billion a year. My mom having had experience with FEMA shows me there is so much fraud and waste involved in claims management that taxpayers are not getting half-enough bang for their buck.
FEMA tells us that they have adequate funds to cover this disaster -- they're planning on $3.6 billion. What did they do with the other $10 billion this year? Well, at least part of it went to pay their 7,400 employees. Government cannot do things as efficiently as the private sector.
Edit: Having the private sector insure these losses would entail people being forced to insure their own risks to a greater extent than they do now -- flood zones/hurricane alleys/forest fires/etc.
Re-edit: FEMA said it has a total inventory of more than 5 million liters of water, 3 million meals, 900,000 blankets and 100,000 cots at its distribution centers throughout the nation. This reserve is chicken feed.
Last edited by MaggieD; 11-01-12 at 11:01 AM.
Thank you, Quazi!