The problem is these types of costs are supposed to be funded via debt.
Most catastrophes don’t require any funding they just happen. Isn’t that why they are called “natural” disasters?
Think about it, I mean if people are paying to create these things: hurricanes, flash floods, and the like. I think we should really make that illegal.
The federal “family”? LOL
Who Will Fund Catastrophes After The Dollar Collapses and Hyperinflation Ensues?
Disaster comes and our fedgov spends
our children’s and grand-children’s money
to repair/rebuild:
...damage to federal property...
...damage to state property...
...damage to personal property...
Our fedgov is konda like the tooth fairy.
The federal government was already ringing up the debt destruction of our future faster than a hurricane could destroy property.
And it has been doing so every day since.
Chicago Fire..1871
San Francisco 1906
Tri-State Tornado 1925
How did we do it back then?
Why don’t we get obama’s bundlers to raise the money? They seem pretty good at that.
The JOKE that was the payoffs to the minority population in New Orleans after Katrina, for TWO YEARS AND MORE, so the shack-dwellers could stay in ritzy hotels, be handed thousands of dollars of walkin' around money (for tattoo's, drugs, etc.), was what has led to ALL Taxpayers having to fund the handouts.
LEGITIMATE losses can be mitigated, but the parasitic populace will line up and get "Obama Money", once again, I'm sure, if they pass more "Relief".
There is no requirement to fund states for natural disasters. It is the responsibility of the individual states to take care of local disasters. The federal government should only pay for federal facilities damaged.
Like the medical mandate, the Feds can mandate buying property insurance.