Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How Government Disaster Spending Creates Perpetual Rebuilding Cycles
When a hurricane floods a small town or wildfire destroys a community, the federal government typically pays to rebuild exactly what was there before. In this episode, Lucas and Luna examine how disaster relief spending, designed to restore normalcy, often locks communities into cycles of repeated destruction. They focus on the National Flood Insurance Program, which has paid out over $50 billion since its inception while encouraging building in flood-prone areas. The show explores specific cases like the buyout program in Harris County, Texas, versus the rebuild-everything approach in North…
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