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Thread: Romney wants to outsource FEMA

  1. #11
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    Chris's Avatar Senior Member
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    The refutation is simple: Moral Hazard.

    FEMA, Moral Hazard, and Devolution
    The Harvard Business Review on The Problem with FEMA No One Is Talking About: moral hazard. (H/T Peter Klein)
    “For a minute, imagine that there was no FEMA and each geographic location was on its own, forced to use private insurance and state-level funds to rebuild after disasters. Such constraints would likely encourage less risk taking before a disaster.”
    ...Mitt Romney, of all people, has evinced more understanding of the devolution argument than the Libertarian Party candidate for the United States Presidency. When asked about abolishing FEMA, Romney said:
    “Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further, and send it back to the private sector, that’s even better.”

  2. The Following User Says Thank You to Chris For This Useful Post:

    Peter1469 (11-05-2012)

  3. #12
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    Quote Originally Posted by Peter1469 View Post
    You don't privatize FEMA, but FEMA uses the various types of federal contracts to leverage the private sector to move into action ASAP after a disaster.
    i guess that's what I was getting at, plus add public sector and charities.
    my junk is ugly

    "Can't see the forest for the trees,
    Can't smell their own shit on their knees"


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    Peter1469 (11-05-2012)

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    Deadwood's Avatar Senior Member
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    Quote Originally Posted by RtWngaFraud View Post
    I see no one can refute or argue this point.

    Good call.
    Oh God no. We've just learned to ignore you.


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