Tuesday, August 29, 2017

Politics, U.S. taxpayers, and Hurricane Harvey

According to the NYTimes: "the Houston area looks like an inland sea dotted by islands":
https://www.nytimes.com/2017/08/28/us/houston-flooding-harvey.html
& (I think) as a result, even Texas politicians from the right, like Greg Abbott appeared (consciously or unconsciously) to (maybe) acknowledge the new reality (following Harvey's devastation) from this next phase of climate-change:
'It is “one of the largest disasters America has ever faced,” Gov. Greg Abbott said, warning against expecting anything resembling recovery any time soon, or a return to the way things were. “We need to recognize it will be a new normal, a new and different normal for this entire region.”'

Still, I was surprised to see that some right-wing twitter users are already blaming everything (the massive tragedy & the ongoing conditions in Houston following Harvey's "Biblical flooding") on Houston mayor Sylvester Turner. But absurd accusations aside, "Harvey" will be a test for all government officials (from Trump on down) because this catastrophe will not only affect Texas & its economy but also the U.S. economy at large.

U.S. taxpayers will bear the financial burden of the rebuilding after Harvey's devastation, which is fine but it's hypocritical how some Texas senators like Ted Cruz: 
http://www.nj.com/politics/index.ssf/2017/08/heres_how_ted_cruz_reacted_to_sandy_aid_hypocrite.html opposed similar aid measures after hurricane Sandy wrecked havoc in New Jersey. Nevertheless, Texas senators will now seek federal aid for Harvey's victims (which ultimately they should receive).

The NYTimes also has an article titled: "Homeowners (and taxpayers) face billions in losses from Harvey flooding" with more information about the kinds of costs we (taxpayers) face in the near future:
https://www.nytimes.com/2017/08/28/business/dealbook/flood-insurance-harvey.html
"Hurricane Harvey may inflict as much as $30 billion in damages on homeowners, according to preliminary estimates. But only 40 percent of that total may be covered by insurance — and of that, the federal government will bear the biggest liability.
Private homeowners’ policies generally cover wind damage and, in certain cases, water damage from storm surges. But for almost half a century, all other homeowners’ flood coverage has been underwritten by the National Flood Insurance Program, a federal program that itself faces financial uncertainty.
Flooding has dealt the hurricane’s biggest blow. And in areas where it is prudent — or even obligatory — to buy it, having flood coverage is the exception rather than the norm.
Homeowners in areas designated as 100-year flood zones are required to hold policies from the federal program. But in practice, the requirement is difficult to enforce and most people — including in eastern Texas — fail to buy coverage or let their policies lapse by not keeping up on the premiums."

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