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March 04, 2014
GOP Finds A Hill To Die On: Protecting Federal Flood Insurance SubsidiesIn 2012 the GOP actually managed to pass a bill to reform the outdated and heavily in debt flood insurance program. Less than two years later they are desperately trying to undo the market oriented reforms they've already passed. Reforms to flood insurance approved by Congress in 2012 would be scaled back under a deal reached Monday by House Republicans and Democrats. What kind of reforms are the GOP so desperate to repeal? Congress took steps in 2012 to reduce the subsidies and require rates to be based on a property’s degree of flood risk—an essential element of viable insurance. The Biggert–Waters Flood Insurance Reform Act established a multi-year phase-out of premium subsidies for commercial properties and vacation homes, and for primary residences after ownership changes. So the GOP manage to pass a bill that would require people to pay fair market value for insurance based on the actual risk the insured faces and phase out federal subsidies for premiums and they are feverishly working to undo that less than two years later? It seems making it cheaper for people to live in flood prone areas is a core GOP value. Maybe even a constitutional right! And you think they are actually going to do something about ObamaCare if you just leave them alone and stop supporting conservative challengers? We keep hearing how the House can't do anything because it's just 1/2 of Congress. But this is a case where they DID something and could just sit back. But no, they are working hard to find away to hand back what they've already achieved. You know, like the sequester. The best part of the big GOP wins this November will how shocked, SHOCKED some people are when electing the same old go along, get along Republicans doesn't lead to conservative action. Sure it's cold comfort but it's better than nothing at all. | Recent Comments
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Hobby Thread - Sept 7, 2024 [TRex]
Ace of Spades Pet Thread, September 7 Gardening, Puttering and Adventure Thread, Sept. 7 The "rules-based international order" vs. free speech? The Classical Saturday Morning Coffee Break & Prayer Revival Daily Tech News 7 September 2024 The Bric, The Brac, The Craic & All, Lets Call It An ONT TGIF Cafe The Week In Woke Dick Cheney Is Voting for Kamala Harris Search
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