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Federal Flood Insurance Bill

Posted on 3/4/14 at 5:54 pm
Posted by ragincajun03
Member since Nov 2007
21143 posts
Posted on 3/4/14 at 5:54 pm
Both Bill Cassidy and Mary Landrieu are touting their work to pass a bill to keep flood insurance rate from rising for Coastal Louisiana residents.

I live barely North of I-10 with friend/family south, so I understand concerns of those further South. However, from a conservative perspective, much like this board, why should the rest of the country, or even other LA residents for that matter, continue to subsidize flood insurance premiums for those who choose to build and live so close to the Gulf Coast?

Ready. Set. Go.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67606 posts
Posted on 3/4/14 at 5:57 pm to
here is a 5 page recent thread on the subject:

LINK
Posted by ragincajun03
Member since Nov 2007
21143 posts
Posted on 3/4/14 at 6:01 pm to
Much appreciated. Thanks.
Posted by VOR
Member since Apr 2009
63406 posts
Posted on 3/4/14 at 6:10 pm to
quote:

However, from a conservative perspective, much like this board, why should the rest of the country, or even other LA residents for that matter, continue to subsidize flood insurance premiums for those who choose to build and live so close to the Gulf Coast?


1. It's not just South Louisiana.

2. There maps and actuarial/loss tables are fricked up.

3. Mainly, it would destroy the economy.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123755 posts
Posted on 3/4/14 at 6:13 pm to
quote:

However, from a conservative perspective, much like this board, why should the rest of the country, or even other LA residents for that matter, continue to subsidize flood insurance premiums for those who choose to build and live so close to the Gulf Coast?
Hopefully the soon-to-be-ex-senator Landrieu will seek more national attention then just Coastal Louisiana residents. At least, before her sorry arse is kicked out of DC.
Posted by Tigah in the ATL
Atlanta
Member since Feb 2005
27539 posts
Posted on 3/4/14 at 6:44 pm to
Louisiana loves it that particular government tit.

I doubt you'll see Bobby turning it down.
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