Flood Insurance, Already Fragile, Faces New StressThe federal government's flood insurance program, which fell $18 billion into debt after Hurricane Katrina, is once again at risk of running out of money as the daunting reconstruction from Hurricane Sandy gets under wayhttp://www.nytimes.com/2012/11/13/nyregion/federal-flood-insurance-program-faces-new-stress.html?nl=todaysheadlines&emc=edit_th_20121113Look at the pictures. People built their houses on the sandbars. They never could have gotten insurance from a private company but the Feds picked it up. Without the insurance these people would never have build there.Now we have to pick up the tab for billions and billions of dollars. It is insane. We have a huge federal debt and now this.The sandbanks are for the enjoyment of everyone to visit not for private development.Nicholas Geti
--- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://mail.leafe.com/mailman/listinfo/profox OT-free version of this list: http://mail.leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/739A2258C9BE4E94A505C3A079EE4F61@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
