Hurricanes Katrina, Sandy, Harvey and Irma: It’s Time for the Public to Reclaim the National Budget

by Pam Martens and Russ Martens , wallstreetonparade:

After the devastation of Hurricane Katrina and Super Storm Sandy, most rational nations would have imposed restrictions on coastal building and devoted meaningful portions of the national treasury to fund scientific research to limit future loss of life and economic hardships from such monster storms. And yet, here we are in 2017 facing the current reality: vast swaths of a major economic hub, Houston, lies in ruins from the flooding unleashed by Hurricane Harvey while the entire State of Florida awoke this morning to the chaos unleashed yesterday and overnight by the bizarre 415 mile-wide Hurricane Irma, with a reported 4.5 million homes and businesses currently without power in Florida, a state where temperatures routinely reach into the 90s in September and air conditioning is a necessity, not a luxury.

The leadership in Washington has not reflected that of a rational nation for many years now and, tragically, U.S. citizens, for the most part, have allowed their  democracy to become a spectator sport.

We currently have a President who has withdrawn the United States from the Paris Climate Accord, putting at risk international cooperation to combat global warming and sea level rise, two clear contributing factors to the increasing frequency of the so-called 500-year storm. As David Dayen wrote recently at the New Republic:

“The city [Houston] suffered a ‘500-year flood,’ defined as one with a 0.2 percent chance of occurring in a given year based on past experience, in 2015. It had another 500-year flood in 2016. And it’s experiencing something much bigger than a 500-year flood right now. Maybe it’s time to admit that past performance is no longer any indication of future results.”

The leadership in Washington has, for many years now, cared so little about its responsibility to its citizens that it doesn’t even bother to keep the national books in order to account for how it is spending taxpayers’ money. According to a report released last year by the watchdog for Congress, the nonpartisan Government Accountability Office (GAO), an audit showed that the U.S. government can’t reliably report a significant portion of its assets, liabilities, or expenditures.

Read More @ wallstreetonparade.com

/Source

SGT