To Washington insiders, the release of the president’s budget is a rather ho-hum event. Congress has all but abandoned any adherence to the official budget process, but President Obama this week did submit to Congress a proposed budget as required. Although this budget does not have the force of law, it does give him the chance to recommend important initiatives. His proposal for a Resilience Fund should be a conversation starter.
Taxpayers are already footing the bill for some aspects of climate change through disaster relief. If funded, the president’s proposal would help communities prepare for climate change and could reduce the need for costly bailouts in the future.