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cranny
New member
As more and more time goes by, it's becoming more clear that economically speaking, Hurricane Katrina is going to turn out to have been the best thing that ever happened to many residents of New Orleans and the Gulf coast.
The latest payday in the Hurricane Katrina lottery --- federal money for uninsured homes. Those who didn't buy flood insurance, but their homes were otherwise flooded? No problem! The federal government is coming to the rescue. As long as the latest package of aid moving through Congress wins final approval, $11.5 billion of our money will be handed out to those "in need."
And who is leading the charge for this raid on the public treasury? A Republican. Senator Thad Cochran, in fact. The plan would provide up to $150,000 per home for flood damage. Imagine that on August 28th, you're sitting in your house in Mississippi or New Orleans. It's a complete dump. Hurricane Katrina comes and floods your house, destroying it. You were too dumb or broke to buy flood insurance. But now the federal government is going to buy you a new one!
These people had the option to buy flood insurance, and they passed. Their cars, fishing boats, cell phones, flat-screen televisions and other lifestyle purchases were more important. Now the taxpayers are going to bail them out.
The latest payday in the Hurricane Katrina lottery --- federal money for uninsured homes. Those who didn't buy flood insurance, but their homes were otherwise flooded? No problem! The federal government is coming to the rescue. As long as the latest package of aid moving through Congress wins final approval, $11.5 billion of our money will be handed out to those "in need."
And who is leading the charge for this raid on the public treasury? A Republican. Senator Thad Cochran, in fact. The plan would provide up to $150,000 per home for flood damage. Imagine that on August 28th, you're sitting in your house in Mississippi or New Orleans. It's a complete dump. Hurricane Katrina comes and floods your house, destroying it. You were too dumb or broke to buy flood insurance. But now the federal government is going to buy you a new one!
These people had the option to buy flood insurance, and they passed. Their cars, fishing boats, cell phones, flat-screen televisions and other lifestyle purchases were more important. Now the taxpayers are going to bail them out.
