I say good for Sen. Bunning! This bill shows what’s wrong with congress and the system. Flood Insurance extention should not be buried inside a “jobs” bill or with COBRA issues. While Congress and this president is spending money we don’t have, good for Bunning for sticking it to all members of Congress, irrespective of party affiliation. Flood insurance coverage should have been a bill on it’s own and discussed/debated.
This problem is another reason why the Federal government should not be in the insurance and retirement business. Every time the federal government establishes an insurance program for the benefit of its citizens it becomes another cash cow for the government to sifon its assets.
Name any government insurance or retirement program and it has been either underfunded or has had its assets stolen by the bureaucrats in Washington, DC.
The federal flood insurance program is closed to new business and increases in coverage. The real question should be the where are the insurance reserves. The federal government does not have an unlimited money supply. With record deficits into the future and a nearly 18 trillion in national debt (excludes state and local government debts), it will only take one major earth equake event in California to paralysis our nation’s finances.
Our elected officials have shown they are untrustworthy with our money. Every employer and employee has been embezzled from by their bureaucracy. The employer matches the social security contribution of its employees. Yet, the employees’ portion is the only amount that actually goes into the social security program. The employer’s portion is paid into the general fund.
If you are a senoir, imagine having twice the amount of your current Social Security check.
And, something is really fishes with the Security Exchange Commission. Ole Bernie Madolf was sent to Butner federal prison for 150 leisurely years for stealing billions. Several years ago, the Federal courts sent William Shackleford to Atlanta federal prison for surposely stealing 30 million. It was later reported Wachovia Bank paid 17 million and 13.6 million was paid by his reinsured to the NC Department of Insurance under Mr. James E. Long. Mr. Madolf must have greases some palms…
Currently, I would rather have my health insurance written on a Lloyd’s product than our US Government proposed Heathcare plan.
Mike–WE DIDN’T START THE WARS!!! WE WERE ATTACKED! Granted, we weren’t directly attacked by Iraq, but even you would have to agree that their people are better off with Saddam.
You know Wally it’s amazing how this issue is now linked to the two wars we are in. If you want to go down that old road, you were right we were attacked and we are still under attack today by islamic fundamentalists. And now another issue arises by Congressional leadership (well so-called leadership) and this administration. Irresponsible spending, debt out of sight, spending money we don’t have and Obama’s fiscal ideology of socializing America. And despite the overwhelming majority of Americans who don’t want government takeover of healthcare, Obama is going to use the reconciliation provision to shove it through Congress. But hey it’s all Bush’s fault.
What do you know about how premiums are used? You pay for your neighbors lousy driving record each time your rates go up on your auto.
I think what Margaret is saying is that if it is a coverage that is included in our homeowners or business policy, like loss of use or business interuption, then the coverage will be available to everyone at a fairer price. And it will be an insurance coverage and not a government payment that you pay for in your taxes anyway , Lil.
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I say good for Sen. Bunning! This bill shows what’s wrong with congress and the system. Flood Insurance extention should not be buried inside a “jobs” bill or with COBRA issues. While Congress and this president is spending money we don’t have, good for Bunning for sticking it to all members of Congress, irrespective of party affiliation. Flood insurance coverage should have been a bill on it’s own and discussed/debated.
This problem is another reason why the Federal government should not be in the insurance and retirement business. Every time the federal government establishes an insurance program for the benefit of its citizens it becomes another cash cow for the government to sifon its assets.
Name any government insurance or retirement program and it has been either underfunded or has had its assets stolen by the bureaucrats in Washington, DC.
The federal flood insurance program is closed to new business and increases in coverage. The real question should be the where are the insurance reserves. The federal government does not have an unlimited money supply. With record deficits into the future and a nearly 18 trillion in national debt (excludes state and local government debts), it will only take one major earth equake event in California to paralysis our nation’s finances.
Our elected officials have shown they are untrustworthy with our money. Every employer and employee has been embezzled from by their bureaucracy. The employer matches the social security contribution of its employees. Yet, the employees’ portion is the only amount that actually goes into the social security program. The employer’s portion is paid into the general fund.
If you are a senoir, imagine having twice the amount of your current Social Security check.
And, something is really fishes with the Security Exchange Commission. Ole Bernie Madolf was sent to Butner federal prison for 150 leisurely years for stealing billions. Several years ago, the Federal courts sent William Shackleford to Atlanta federal prison for surposely stealing 30 million. It was later reported Wachovia Bank paid 17 million and 13.6 million was paid by his reinsured to the NC Department of Insurance under Mr. James E. Long. Mr. Madolf must have greases some palms…
Currently, I would rather have my health insurance written on a Lloyd’s product than our US Government proposed Heathcare plan.
Mike–WE DIDN’T START THE WARS!!! WE WERE ATTACKED! Granted, we weren’t directly attacked by Iraq, but even you would have to agree that their people are better off with Saddam.
dammit…meant to say “without Saddam.”
there goes my credibility…
You know Wally it’s amazing how this issue is now linked to the two wars we are in. If you want to go down that old road, you were right we were attacked and we are still under attack today by islamic fundamentalists. And now another issue arises by Congressional leadership (well so-called leadership) and this administration. Irresponsible spending, debt out of sight, spending money we don’t have and Obama’s fiscal ideology of socializing America. And despite the overwhelming majority of Americans who don’t want government takeover of healthcare, Obama is going to use the reconciliation provision to shove it through Congress. But hey it’s all Bush’s fault.
Hey Lil,
What do you know about how premiums are used? You pay for your neighbors lousy driving record each time your rates go up on your auto.
I think what Margaret is saying is that if it is a coverage that is included in our homeowners or business policy, like loss of use or business interuption, then the coverage will be available to everyone at a fairer price. And it will be an insurance coverage and not a government payment that you pay for in your taxes anyway , Lil.