Linkfest 2018-05-19: Revenge of the Stats
It has been a long since I did one of these, but they were always popular, so I'm bringing it back.
![Capture.JPG](https://www.benespen.com/content/images/content/v1/51259dfce4b01b12552dad3e/1526487363428-DJ8JJBXQOEGD8NPHNDHJ/capture.jpg)
In particular, it was an article by Megan McArdle in the Washington Post, "Democrats are about to have to pay up", that sent me down a rabbit hole of tax policy and fiscal capacity.
![Special Flood Hazard Zone of Flagstaff, which includes all of the historic downtown and Northern Arizona University](https://www.benespen.com/content/images/content/v1/51259dfce4b01b12552dad3e/1526488206576-860VMR4JEYWBAFKE5840/capture.jpg)
Special Flood Hazard Zone of Flagstaff, which includes all of the historic downtown and Northern Arizona University
I've thought about this subject before, because of a local flood control project which is ruinously expensive for a small town like mine, but it is also required for economic growth and risk mitigation. We have to go, hat in hand, to Congress to ask for $100M to complete this project, because it exceeds the fiscal capacity of the city to pay for that unassisted.
I hadn't know some of the mortgage underwriting bits of this.
The Other "Subsidized Housing": Federal Aid to Suburbanization
A more detailed look at the specific Federal laws in question.
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