Hurricane Irene leaves behind a bill for taxpayers (LA Times, Sept 2011)
The storm left behind an enormous swath of destruction, with early estimates pegging the damage between $2 billion and $7 billion. And taxpayers will be left footing much of the rebuilding bill.
That higher-than-necessary bill can be blamed on a lack of flood insurance coverage in the Northeast, and a flawed federal insurance program that’s billions of dollars in debt….”
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