Two weeks ago it was New Orleans, now it’s Galveston. The federal government is riding to the rescue of thousands (millions?) of Texans. It has not only plucked people from the water and rooftops, but will also help them rebuild their homes and businesses.
I’m all for saving people in imminent danger of being killed, but I believe that someone who refuses to evacuate and then has to be extricated by the Coast Guard should have to reimburse the cost of the operation.
It’s time for people to reconsider their decisions to build their homes on an ocean beach — especially those for whom the beach house is their only place of residence. For each person living on the beach there are probably a hundred people who would like to but don’t because they don’t want to accept the risk. But have at it if you can afford to lose it and won’t ask the government to replace it for you.
If the government is not bailing out homeowners who make bad decisions about where to build their homes it is bailing out those who make bad decisions about the size of home they can afford or bailing out the lending institutions that facilitate the acquisition of too much house. Now it is also bailing out investment bankers who make bad decisions. Next thing we know we’ll have a huge Department of Homeland Bailouts.
I wonder if any homes in foreclosure were destroyed by Ike. If so, will the homeowners get a double bailout? Don’t laugh.
This is all quite depressing but if Obama gets elected we ain’t seen nothin’ yet!