Texans affected by Hurricane Harvey, including my family and me, appreciate the outpouring of support from across the country. President Donald Trump has even pledged to donate one million dollars to relief efforts. These private donations will be much more valuable than the as much as 100 billion dollars the federal government is expected to spend on relief and recovery. Federal disaster assistance hinders effective recovery efforts, while federal insurance subsidies increase the damage caused by natural disasters.
Federal disaster aid has existed since the early years of the republic. In fact, it was a payment to disaster victims that inspired Davy Crocketts Not Yours to Give speech. However, the early federal …
Read the full article at: https://www.newsmax.com/RonPaul/federal-insurance-disaster-recovery/2017/09/05/id/811587
