I'm no fan of the Bush administration's foreign and domestic security policies, but his proposal for cuts to subsidized flood insurance are something I've wanted to see for a decade.
President's Budget Plan to Include Cuts to Flood Insurance Program
If adopted, subsidized insurance rates for vacation homes and for homes rebuilt on flood plains would be a thing of the past. The uberwealthy who want to live on sandbars and individuals who aren't willing to rebuild outside of flood plains would no longer have taxpayer assistance when their fiscally foolish behavior leads to flood damage.
Granted, the Clilnton administration made some efforts in this direction, but I suspect that the Bush administration will have more success after the massive Katrina expenditure.
THIS is the kind of thing I miss: smart budget thinking that isn't dogma driven, but instead is just economically savvy. When a public program starts supporting the wrong kinds of behavior, change it.
President's Budget Plan to Include Cuts to Flood Insurance Program
If adopted, subsidized insurance rates for vacation homes and for homes rebuilt on flood plains would be a thing of the past. The uberwealthy who want to live on sandbars and individuals who aren't willing to rebuild outside of flood plains would no longer have taxpayer assistance when their fiscally foolish behavior leads to flood damage.
Granted, the Clilnton administration made some efforts in this direction, but I suspect that the Bush administration will have more success after the massive Katrina expenditure.
THIS is the kind of thing I miss: smart budget thinking that isn't dogma driven, but instead is just economically savvy. When a public program starts supporting the wrong kinds of behavior, change it.
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