Flood Insurance Program Closed; No Policies Until Senate Votes

March 1, 2010

  • March 1, 2010 at 12:15 pm
    Wildcat says:
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    I’ve met Jim Bunning and I am here to say that he’s a good leader and a stand up kind of guy.

    This is an excellent example of what can happen when re-election is out of the question, so here’s one in favor of term limits.

    This will be passed shortly – we all know it will. However, we also know that we’ve got to start getting our spending in check. Just like stopping a car on a slick road, you’ve got to tap the brakes rather than slam them on.

    Mr. Bunning is merely tapping the brakes for us.

  • March 1, 2010 at 12:16 pm
    Birdman says:
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    Tinkerbell; would it not be better to have the premium paid for flood insurance to help pay for the losses than to have no premium and the government pay 100% of all flood claims for everyone. I agree there is no money available for these federal programs but does the Obamanation administration let that stop them from spending trillions of dollars that they borrow from other contries or just avoid taking a loan and just print counterfeit money. If we do that, we go directly to jail. Get real!

  • March 1, 2010 at 12:24 pm
    Tinkerbell says:
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    Birdman, you sound like you are happy with the status quo. Maybe the feds should not get involved at all in helping those rebuild who do not have flood insurance in effect at time of loss. If we were less of a nanny state, people would be more inclined to take steps to protect their assets. Now, the mindset is, why buy it, when the gov’t will bail me out if something catastrophic happens.

  • March 1, 2010 at 12:34 pm
    Birdman says:
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    Tinkerbell, The reason for buying coverage is responsibility and 5.6 million policyholders have bought coverage and possibily don’t have the government handout mentality that so many have in my state and many others.

  • March 1, 2010 at 12:52 pm
    Tinkerbell says:
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    Birdman, you highlight one of the problems with the current system; when the bill is held up in Congress, as it is today, those responsible parties who have paid for coverage lose if they experience a loss during the hold up period. And how do we solve this? Unfortunately, it will take more than faith, trust and a sprinkling of pixie dust to solve these problems!

  • March 1, 2010 at 1:08 am
    Ms. Flood says:
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    This bill was supposed to expire several times before this deadline,they just keep putting it off. “Congress has not paid for these extensions” Thank God Bunning said enough is enough. They need to do their jobs and find a solution already.

  • March 1, 2010 at 1:37 am
    Late Closing says:
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    Now MY closing is delayed because we were signing on flood insurance at 3pm today. The senator, now my life is on hold!!!

  • March 1, 2010 at 1:51 am
    Nan says:
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    Well, 2 of my pending new clients will now not have their closing tomorrow unless this gets cleared up. Politicians are politicians…if this senator was sooo concerned about government spending, where the hell was he while the prior administration ran up hugh foreign debt that did not leave when the administration left??? Too much spending and not enough regulation went on and now the minority party wants to hold the country hostage while they try to score political points… don’t pay with the closings…people buying homes are helping the economy!!! Lame duck legislators should not be allowed to hold up any legislation.

  • March 1, 2010 at 1:55 am
    Xerxes says:
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    We must all step outside of ourselves & consider the big picture. Even though some closings may not take place, this may improve the system for all of us…for the greater good.

  • March 1, 2010 at 2:00 am
    Ins Girl NY says:
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    So now we see people from several industries being damaged by their lack of action and we’re all just supposed to suck it up for the good of change? How many lives need to be wrecked before people start seeing THAT big picture? Our economy will come to a grinding hault before they do anything about it and we’re all just supposed to accept that? I don’t think so.



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