Thursday, May 13, 2010

Yazoo City bustling with signs of healing

Sounds of swinging hammers fill the air along U.S. 49 and Old Benton Road. It seems like every other building has a roofing crew crawling atop it.

Yazoo City appears to be healing - less than three weeks after a tornado struck this community.

Nearly 200 homes in Yazoo County were destroyed by the April 24 tornado or suffered major damage - the most of any of the counties hit. And nearly half of the $1.2 million in individual disaster grants distributed by the federal government has gone to residents of the county.

State Sen. Kenneth Wayne Jones, D-Canton, who represents the area, said he is satisfied progress is being made. Jones said some of that has to do with the coordinated effort of the federal and state government, but most of the credit for the speed of the cleanup goes to the local communities.

Despite the damage, morale is high, he said.

"From what I can see, it's been overwhelming with communities supporting each other," Jones said.

Most of the struggles of individual homeowners revolve around insurance claims.

Alberta Harris was among those at the Federal Emergency Management Agency disaster recovery center in Yazoo City this week trying to figure out her next steps.

It is bad enough that Harris' home was severely damaged by the tornado, but it comes just a few weeks after the death of her mother. Harris, who hid under her bed when the tornado roared past, said the problem is the home belonged to her mother and the insurance policy still is in her name.

She applied for disaster assistance but said FEMA sent her back to her insurance company. Mostly, she has relied on help from local charities.

"I'm starting from scratch," she said. "I thank God for the churches. They helped me out."

FEMA spokeswoman Diane Allen said the disaster center in Yazoo City has processed 655 claims and was averaging about 55 claims a day.

Yazoo City Mayor McArthur Straughter said he believes some of his citizens' housing needs may be met with the arrival of one- and two-bedroom cottages originally constructed to house victims of Hurricane Katrina.

Read more at The Clarion Ledger

Good Cop, Bad Cop: Bipartisan Failure to Control Spending

By Dr. Mark W. Hendrickson

Economic error knows no partisan bounds. Republican Herbert Hoover and Democrat Franklin Roosevelt both adopted foolish, harmful policies during the Great Depression. Republican George W. Bush’s stimulus plan made no sense, and neither did Democrat Barack Obama’s.

The greatest threat to our country’s future is chronic overspending by the federal government. We are racing toward national bankruptcy. Once again, bipartisan economic ignorance is the problem. Neither political party seems ready to tackle the spending problem.

This is not to say, as some do, that there are no significant differences between Republicans and Democrats. Such assertions are either intellectually lazy or an expression of extreme exasperation. That being said, neither party is sufficiently grounded in the philosophy of freedom and free enterprise to propose a freeze in government spending, much less a quantum reduction in the power and scope of government intervention into economic matters. Instead, the party of Big Government—the Republicans—and the party of Bigger Government—the Democrats—both support continued increases in federal spending.

Under the leadership of the Obama-Pelosi-Reid troika, Democrats have embarked on a reckless, dangerous spending splurge. Republicans are enjoying a resurgence of popularity by virtue of their opposition to the Democrats’ attempts to expand federal control over healthcare, energy, education, etc. But would Republicans cut spending, balance the budget, shrink government, and begin to reduce the gargantuan national debt if voters gave them the chance? I have my doubts.

We saw earlier this decade that, given majority status, Republicans went wild with earmarks and produced gushers of red ink in Washington. It seems to me that the best thing one could say about the Republicans is that might take us down the path toward national bankruptcy more slowly than the Democrats.

What we have here is a classic case of the “good cop, bad cop” routine. In terms of controlling government spending, Republicans may seem far more pleasant for us to deal with than the other guys, but in the final analysis, they’re both part of a statist system that would curtail our economic liberty and penalize us with diminished prosperity.

We may regard Republicans as the “good cops” insofar as they seem more aware that if they redistribute wealth too rapidly, the system may collapse. However, the GOP has a long track record of redistributing wealth (some to different special interests than Democrats and some to the same but to a different extent) and they never question the fundamental legitimacy of government power trumping property rights.

Here are a few timely questions: What do Republicans want, other than to unseat Democrats? What is their vision? What are their principles? What concrete, coherent programs have Republicans offered to shrink government? What challenge are they posing to the practice of redistributing wealth?

Few Republicans talk about shrinking the leviathan state. They may talk about the need for fiscal responsibility, affordability, and slowing the growth of the state, but few question the premise that the state must continue to grow.

Economic problems abound. Weak job prospects, a shaky housing market, concerns about affordable healthcare, ongoing bank closures—take your pick, they’re all serious and large numbers of Americans are affected by each one of those problems. But the biggest, most menacing, economic problem of all—the one that jeopardizes the economic well-being of almost all of us—is reckless overspending by the federal government.

Years of unjustified and unaffordable government spending have brought us to the precipice of national bankruptcy. When investor demand for government debt falls below the bloated supply, interest rates will surge and the Fed will probably inflate like mad. We will suffer massive business failures, surging unemployment, a colossal debt implosion and/or a severely depreciated (if not utterly ruined) currency, and significantly lower standards of living.

Who got us into this parlous predicament? The facile answer for conservatives is to blame Democrats. Certainly, Democrats are not innocent in this matter. But are Republicans blameless? No. Out-of-control government spending has been a bipartisan failure.

— Dr. Mark W. Hendrickson is an adjunct faculty member, economist, and contributing scholar with The Center for Vision & Values at Grove City College.