Page 9 - Flood Program News Today

Flood damage brought on by sandy is estimated to be in the billions of dollars. fema run national flood insurance program might not have the funds to pick up the tab. according to a fema spokesman, the national flood insurance program has $4 billion in cash and borrowing authority to cover flood losses. the program already owes $18 billion to the u.s. treasury and will is currently a $28.8 billion cap for the amount of money the flood program can borrow from the government. lets watch the daily ...

Well rebuild once but not 20 times. >> global warming costs too much. >> i think al gore admitted his whole case was a fraud. >> mike. -- >> the government subsidizes something it costs the price to go up. it doesnt matter housing or education or food. i would like to see the private market take care of it and if people want to live in dangerous area let them buy insurance. >> government subsidizes and you get more. i see problems with the national flood program and quadrupling since 1980. but i...

And then the last part of your question is a future policy discussion. i think that this administration has been pretty clear that wed like to see some responsible reforls to the program. i dont think now is the time to debate those things as we need to help people that have pending claims. but well debate that late fall here as we come up with good policy ideas to help move that back into a risk based private sector hopefully suspected solution. but fema has been pretty clear how to do that and...