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By PBN Staff
Hurricane Sandy’s path of destruction along the mid-Atlantic and New England seaboard has sparked fresh discussion about building and re-building along fragile coastal regions given the mounting evidence that there will be more devastating storms as part of global climate change.
Between mandating federal help to respond to natural disasters and the large subsidies that the federal government gives to flood insurance, billions of dollars will flow from public sources to individuals and companies that are located near the ocean.
Does it make sense to be spending good money that may be likely to end up washed out to sea when another storm hits in a short time period anyway?