Ron Paul Hates fema and bailing out people who live in flood prone areas
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Ron Paul: Because I think FEMA helps create the flood problems. (Without subsidies,) if it's risky on the Gulf Coast to build there, the insurance prices will go up. If (they're) too high, nobody will build there, or they'll build there with full risk. Flood comes, wind blows your house away, you don't get reimbursed. So there might be (only) modest building in those areas. But if the government subsidizes the insurance, saying, "If you build there, don't sweat it, we're going to bail you out," more people move into the flood-prone areas. Then who are the people that have to bail you out? Somebody that lives out in the desert. It's unfair, it's not good economics. You create more problems, more houses get flooded, and it becomes a general problem rather than an individual problem. We have undermined is the principle of measuring risk. Then people do things that they wouldn't have otherwise done.
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but gives fema millions of dollars to do exactly that
http://blogs.chron.com/txpotomac/200...or_fy2009.html
• $8.8 million for FEMA for drainage at Cove Harbor in Aransas County
• $2.2 million for FEMA to reconfigure and stabilize Capano Causeway Pier
• $500,000 for FEMA for Aransas County drainage master plan
• $35 million for FEMA for drainage in Friendswood
• $10 million for FEMA for drainage project for Friendswood/Clear Creek
• $10 million for FEMA for drainage project for Friendswood/Clear Creek