tag:blogger.com,1999:blog-4804513671389132165.post5771871113463804644..comments2023-07-25T07:08:51.934-06:00Comments on Bill Longstaff: Alberta politicos hedge on flood mitigationBill Longstaffhttp://www.blogger.com/profile/15883751372039947365noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4804513671389132165.post-71640531964599786812014-06-17T12:45:26.282-06:002014-06-17T12:45:26.282-06:00It's the curse of dysfunctional governments to...It's the curse of dysfunctional governments today. Problems big and small get kicked down the road wherever possible. Our federal government has made this its credo.<br /><br />America's flood insurance system is a powerful example. Private insurers won't touch this coverage so the federal government had to step in. The claims have become so massive that the government needed to increase premiums to realistic levels to save the insurance programme. That would have caused flood-prone property values to plummet and the owners set aside their loathing of socialism and howled for subsidies. The feds capitulated - for now - meaning those southerners (predominantly) will get their insurance subsidized by northerners and just keep on bitching about socialism. The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.com