New York City Can Learn a Lesson from the Oroville Dam Catastrophe
On June 29, just days after a subway derailment in New York City, which injured 34 people and did
substantial damage to the tunnel, New York State Governor Andrew Cuomo signed an executive order
declaring a state of emergency for the Metropolitan Transit System. In California, the Oroville Dam
spillway collapse in February and threatened a catastrophic flood forcing 180,000 people to flee for
their lives. There are hundreds of potential infrastructure disasters as dramatic, or even more so, across
the length and breath of the nation.
As this publication has reported, and demanded, again and again, the President must hear a loud and
clear call from the American people that nothing less than enacting a full Hamiltonian credit system to
fund $2-3 trillion per year in repairing and building the nation’s infrastructure and a new platform of
productive economic development. It certainly is not enough to repair the nation’s broken-down
infrastructure; not when entire systems like the New York City transit system is beyond repair.