Posted on 10/24/2017 10:27:13 AM PDT by Oldeconomybuyer
A non-partisan federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, wildfires and droughts become more frequent in the coming decades.
A Government Accountability Office report released Monday said the federal government has spent more than $350 billion over the last decade on disaster assistance programs and losses from flood and crop insurance. That tally does not include the massive toll from this year's three major hurricanes and wildfires, expected to be among the most costly in the nation's history.
The report predicts these costs will only grow in the future, potentially reaching a budget busting $35 billion a year by 2050. The report says the federal government doesn't effectively plan for these recurring costs, classifying the financial exposure from climate-related costs as "high risk."
"The federal government has not undertaken strategic government-wide planning to manage climate risks by using information on the potential economic effects of climate change to identify significant risks and craft appropriate federal responses," the study said. "By using such information, the federal government could take the initial step in establishing government-wide priorities to manage such risks."
GAO undertook the study following a request from Republican Sen. Susan Collins of Maine and Sen. Maria Cantwell of Washington, the ranking Democrat on the Senate Committee on Energy and Natural Resources.
(Excerpt) Read more at chicagotribune.com ...
Total B.S.
How many billions a year do illegals cost the American taxpayer?
It’s not non partisan. It’s very partisan. Just part of the swamp.
I guess there were no disasters 100 years ago. Either that or they were so small that FEMA really didn't need to spend any money on them in the 1800s . . . .
So, hurricanes and wildfires didn’t occur before global warming?
What a pile of question-begging crap.
So, hurricanes and wildfires didn’t occur before global warming?
What a pile of question-begging crap.
Compliance cost to no effect on global warming is costing trillions.
Don’t they believe that an illegal alien who was not held on an ICE hold, was responsible for the Santa Rosa fire? So, wouldn’t unfettered illegal immigration & the Sanctuary State be costing us billions?
It
Is
Called
WEATHER!!!
Climate change already costing U.S. billions, GAO report says ... because of all the regulations, laws, mandated use of ethanol, and so forth.
How many billions will carbon taxes cost?
yeah the hysteria associated with this fraud probably is costing us billions!
Simple solution; eliminate unconstitutional FEMA.
I don't doubt it... just not the way the report is trying to sell it.
What is the perfect climate so we don’t ever have to spend $350 million again...?
80% of our population growth is fueled by immigration. Since 1990 35 million legal permanent immigrants have entered the country. 1.1 million legal permanent immigrants enter annually.
And that’s just on the worthless grants the government gives out to try and establish global warming when it doesn’t exist.
Sounds like perfectly good calculations wasted on bad assumptions.
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