[Federal Emergency Management Agency]

Bill Clinton, Pork Barrel, [Free Rider] http://www.cato.org/dailys/2-19-97.html

Stephen Bainbridge suggests Out Sourcing with [Cost Plus] contracts. I think that could work if there were essentially different contracts for steady/maintenance/prevention activities vs per-disaster projects...

The Economist notes although federal flood insurance was both subsidised and supposedly obligatory for most mortgage holders, remarkably few people on the Gulf had federal cover (for Hurricane Katrina): less than a fifth along Mississippi's coast and only 40% in New Orleans. People bet that iif a [Hurri Cane] struck, the government would bail them out. In California, for the same reason, only one in five homes is insured against [Earth Quake]-s.

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