Try to ignore the correlation = causation "climate change" aspects/
conclusions.
NRDC Report: Federal Government Spent More Taxpayer Money on 2012
Extreme Weather Cleanup than on Schools or Roads
Taxpayers Outspend Private Insurers 3:1 on Climate Disruption Costs
WASHINGTON (May 14, 2013) – U.S. taxpayers paid nearly $100 billion
responding to damages caused by last year’s extreme weather events
associated with climate change, about $1,100 per taxpayer, according
to an analysis by the Natural Resources Defense Council released
today.
By paying nearly $100 billion, taxpayers—through the federal government
—spent more on climate change cleanup than on education or
transportation, the analysis shows.
Further, the burden to pay for climate disruption has shifted away
from private insurers and is falling more heavily on America’s
taxpayers. This is occurring at a time when Congress continues to
avoid taking action against climate change and instead has cut support
to address its causes, the NRDC analysis shows.
"While Congress debates the federal budget, our government is spending
more responding to extreme weather made worse by climate change than
we are to educate our kids or take care of our bridges and roads,”
said Dan Lashof, co-author of the report and director of NRDC’s
Climate and Clean Air Program. “In fact, this single-ticket expense
now tops the list of non-defense discretionary federal spending.
“And taxpayers are shouldering more of the burden—they are spending
three times more than private insurers to pay for recovery from
climate damages. Fortunately, the government has tools it can use
right now to address these climate risks—without waiting for Congress
to act.”
The NRDC report titled, “Who Pays for Climate Change? U.S. Taxpayers
Outspend Private Insurers Three-to-One to Cover Climate Disruption
Costs,” was released today during a telephone-based press conference.
Lashof was joined on the call by Tom Steyer, a clean energy
philanthropist and founder of NexGen Action, a firm engaged in
political activity on behalf of climate and prosperity. He also
founded but has left Farallon Capital Management, LLC.
Federal spending for the drought, storms, floods and wildfires in 2012
totaled nearly $100 billion. Although climate doesn’t show up as a
line item in federal spending, the costs of what NRDC calls the
“Climate Disruption Budget” equals one of every six dollars spent on
non-defense discretionary programs, making it the largest such
spending item, the NRDC report shows.
The impact on America’s taxpayers is startling. The insurance industry
estimates that 2012 was the second most expensive in U.S. history for
climate-related disasters, with damages totaling more than $139
billion. But private insurers only covered about 25 percent of the
costs, leaving taxpayers to pay the bulk of the remaining costs – a
ratio of about 3:1 in terms of costs borne by taxpayers versus
insurers. This shift in liabilities began in earnest following the $72
billion bill to the insurance industry in 2005 from Hurricane Katrina,
and has continued to grow since, the NRDC report shows.
“The fact that private insurers are leaving the table sends an
unmistakable signal. It tells us that climate change risks are
increasing and their costs to our society are climbing,” said Steyer.
“$100 billion is a big expense by any measure. Good fiscal stewardship
of our country’s future dictates that we should be spending more to
combat climate change so we can spend less on cleaning up its impacts.
“President Obama has called on Congress to curb the threat—and rising
cost—of climate change and said if Congress balks, he will act. The
sooner we make sound investments to curb the pollution driving climate
change, the quicker we’ll reduce its drag on the federal budget and
our economy.”
http://www.nrdc.org/media/2013/130514.asp
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- gpsman