Mississippi River Flood Highlights Bailout Costs for Taxpayers

Near record-level cresting of the mighty Mississippi River and images of displaced families along its banks have revived criticism that U.S. taxpayers are unfairly burdened by the expense of accommodating and protecting Americans living in dangerous flood zones. Since the devastating floods of 1927 and 1937, Congress has poured billions of dollars into a system of levees and spillways and subsidized flood insurance programs to help protect thousands of residents and businesses situated along...Full Story
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