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Why is the federal government still in the flood insurance business?

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Published on Apr 10, 2013

It is ridiculous that the federal government remains in the flood insurance business. There is no end in sight for the National Flood Insurance Program to keep racking up new debt, continuing subsidized rates for those who live in flood prone areas, skyrocketing rates for many who live in areas that never flood and 40 years of history showing clearly that the federal government is a very bad insurance company -- It is time to take decisive action to wind down the National Flood Insurance Program instead of offering up more bailouts. Read more about my bill to eliminate the National Flood Insurance Program here http://goo.gl/APDr1

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