The Derp
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- Apr 12, 2017
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Natural disasters cost a record-shattering $306 billion in 2017
The string of devastating hurricanes and wildfires across the United States in 2017 cost the country $306 billion in damages, a record-breaking number, the National Oceanic and Atmospheric Administration reports.
Key stat: In 2017, there were 16 separate disaster events that topped $1 billion in damages. And these 16 events — which included storms, wildfires, droughts and freezes — killed 362 people.
The string of devastating hurricanes and wildfires across the United States in 2017 cost the country $306 billion in damages, a record-breaking number, the National Oceanic and Atmospheric Administration reports.
Key stat: In 2017, there were 16 separate disaster events that topped $1 billion in damages. And these 16 events — which included storms, wildfires, droughts and freezes — killed 362 people.
A Balanced Budget Amendment would mean once you've reached your peak of allocated disaster spending, that's it. No more can be allocated. And since you can't predict natural disasters, you also cannot predict how much is needed to clean up after them.