FAIRBANKS, Alaska (AP) - The federal government could sell bonds to cover the cost of disaster recoveries under legislation introduced by U.S. Rep. Don Young, R-Alaska.
Young introduced the bill Tuesday and spoke in favor it on the floor of the House of Representatives.
"When a natural disaster, be it a hurricane, earthquake, tornado or flood, hits a particular region or state, the rest of us can often feel disconnected because it's happening to 'them' and not 'us,'" Young said.
"Buying bonds that are specifically designated for these types of disasters can help bring together Americans and create a sense of patriotism."
America has averaged 31 major federal disaster declarations annually for the past 50 years, Young said.
"We must find a way to meet the inevitable needs that will arise after future disasters," he said. "We cannot continue deficit spending."
oy. so stupid my head hurt.