24 September 2005
Just a Question or Two for the President
Dear Mr. President:
I have some questions about the federal response to and future planning for regional disasters caused by human or nature.
1. Why isn't HUD (Housing and Urban Development) visibly taking the lead for coordinating public and private efforts in the four states and waterways ruined by Katrina and Rita?
2. Why are you offering federal grants of spending money to individuals without involving extant expertise in Fanny May and Ginny May? Why is the funding of emergency and reconstruction programs a burden of the federal budget rather than calling on the private, financial industry to provide the cash with the federal government giving a "hold harmless" guarantee for loan losses (in every loan type) exceeding the five-year average of such losses as reported to the SEC annually.
3. Why isn't the Department of Commerce visibly taking the lead as businesses of all sizes and ownership plan their new investments of capital, to acquire sufficient credit and grant funds through the private sector's financial services industry? The federal actuaries can recast short and long term cash and guaranteed, program loans through existing federal agencies?
4. What is the federal government doing to lessen the new financial burdens of state and local funding for the short and longer term cash requirements? Decentralization is an excellent approach for government functions, having decision-making as close to the local level as is practicable. This democratic flattening of the budget pyramid requires a commensurate flattening of the tax revenues. Your administration, leading a sympathetic Congress, is just the current exemplar among all federal administrations since 1933. If the program goals are worth mandating through federal legislation and regulation, then ensure the level of state or local government doing the program have the tax revenue to fund them.
Sincerely,
Sherf
Post a Comment
I have some questions about the federal response to and future planning for regional disasters caused by human or nature.
1. Why isn't HUD (Housing and Urban Development) visibly taking the lead for coordinating public and private efforts in the four states and waterways ruined by Katrina and Rita?
2. Why are you offering federal grants of spending money to individuals without involving extant expertise in Fanny May and Ginny May? Why is the funding of emergency and reconstruction programs a burden of the federal budget rather than calling on the private, financial industry to provide the cash with the federal government giving a "hold harmless" guarantee for loan losses (in every loan type) exceeding the five-year average of such losses as reported to the SEC annually.
3. Why isn't the Department of Commerce visibly taking the lead as businesses of all sizes and ownership plan their new investments of capital, to acquire sufficient credit and grant funds through the private sector's financial services industry? The federal actuaries can recast short and long term cash and guaranteed, program loans through existing federal agencies?
4. What is the federal government doing to lessen the new financial burdens of state and local funding for the short and longer term cash requirements? Decentralization is an excellent approach for government functions, having decision-making as close to the local level as is practicable. This democratic flattening of the budget pyramid requires a commensurate flattening of the tax revenues. Your administration, leading a sympathetic Congress, is just the current exemplar among all federal administrations since 1933. If the program goals are worth mandating through federal legislation and regulation, then ensure the level of state or local government doing the program have the tax revenue to fund them.
Sincerely,
Sherf
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