There's certain amount of truth in that, certainly. OTOH, given that
there has been development from 200 years ago in areas prone to flooding
and in some cases at least some of that development has positive
economic benefit to the country as well as individuals (think river
ports, etc.) it's better to have at least some funding to cover the
inevitable than none. Public policy and reality are never as
black/white as simple arguments would try to make them appear.
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