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Flood insurance bill passes Senate - The Galveston County Daily News : Local News

September 2, 2014

Flood insurance bill passes Senate

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15 comments:

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  • Lovethisplace posted at 11:52 pm on Fri, Jan 31, 2014.

    Lovethisplace Posts: 25

    Also, these homes were built on slabs 60 years ago before FEMA Flood insurance existed. They were able to obtain permits to repair after Ike, but now the flood ins will be unaffordable and your home unsellable.

     
  • Lovethisplace posted at 11:31 pm on Fri, Jan 31, 2014.

    Lovethisplace Posts: 25

    That's the problem - you can't sell your house! And a few inches in elevation the wrong side of the mapped base flood elevation can mean tens of thousands of dollars in premium increases. And these are not beach mansions, these are modest homes in working class neighborhoods where teachers, police and firemen live.

     
  • raifm posted at 8:26 pm on Fri, Jan 31, 2014.

    raifm Posts: 84

    Why should corporation get tax breaks?

     
  • TikiOwl posted at 7:37 pm on Fri, Jan 31, 2014.

    TikiOwl Posts: 67

    Why should Michelle Bachman and farmers receive a subsidy?

     
  • TikiOwl posted at 7:36 pm on Fri, Jan 31, 2014.

    TikiOwl Posts: 67

    You are correct. I misread the article...should have known our Senators wouldn't be voting to help us.

     
  • mikeS posted at 4:57 pm on Fri, Jan 31, 2014.

    mikeS Posts: 10

    "Why should you recieve federal subsidies (i.e. other taxpayers money) to cover your losses?"

    I've been asking that for years as I see my tax dollars go toward fraudulent welfare, fraudulent Medicare, food stamps, misused public housing, and corrupt leadership. I'd much rather spread my tax dollars amongst other hard working, tax paying citizens.

     
  • kevjlang posted at 1:48 pm on Fri, Jan 31, 2014.

    kevjlang Posts: 2829

    I think it's all well and good for the Flood Insurance program to be self-sustaining, and to do that, I understand that we must all pay our fair share of the risk. However, I can see a lot of economic value in spreading out the increases, especially for the more drastic ones, over a few years so that the affected folks can adjust their budgets or sell their homes to absorb the increases. Especially since they've rolled out new maps that may need further tweaking. After all, is it really easily rationalized that homes that were pretty much in line with the surge and not only didn't flood then, but have never flooded in 20 or 30 years are now all of a suddin flagged as high risk?

     
  • Jake Buckner posted at 12:40 pm on Fri, Jan 31, 2014.

    Jake Buckner Posts: 1506

    Because we're important.

     
  • 4EKs posted at 11:46 am on Fri, Jan 31, 2014.

    4EKs Posts: 30

    Why should you recieve federal subsidies (i.e. other taxpayers money) to cover your losses?

     
  • 4EKs posted at 11:44 am on Fri, Jan 31, 2014.

    4EKs Posts: 30

    Read the article again. Cruz and Cornyn are in the Nay section.

     
  • mickphalen posted at 11:24 am on Fri, Jan 31, 2014.

    mickphalen Posts: 298

    An interesting topic for a debate on federal government subsidies ....

     
  • raifm posted at 11:06 am on Fri, Jan 31, 2014.

    raifm Posts: 84

    I Agree!

     
  • cougargator posted at 9:30 am on Fri, Jan 31, 2014.

    cougargator Posts: 177

    Move Cruz and Cornyn to a coastal county! 'Course they have the bucks to pay for huge insurance costs, and in this case, didn't think about ALL of the public, Rep. or Demo., who would pony-up the increase in costs.
    Sometimes you have to put your butt to the fire and take a hit for what is right!

     
  • TikiOwl posted at 7:06 am on Fri, Jan 31, 2014.

    TikiOwl Posts: 67

    YEA-Democrats 55, Republicans 12

    NAY-Democrats 1, Republicans 31

    Can't wait to see the complaints about Cornyn and Cruz voting with the Dems. And just remember who to thank (the GOP) if and when the GOP somehow gets their way and your rates skyrocket.

     
  • drumb47 posted at 5:35 am on Fri, Jan 31, 2014.

    drumb47 Posts: 247

    We just dodged a bullet, at least in the Senate, without the help of Texas' Republican
    Senators Ted Cruz and John Cornyn. They should be remembered at the ballot box
    when they come up for re-election.

    Had this measure not passed the Senate, our flood insurance would have gone through the roof, causing financial hardships on thousands of costal residents.

    Now the measure has to pass the House. If the GOP in Congress vote the way GOP's voted in the Senate, we could see those price hikes sooner then later. However, it will take a majority of the Dem with the help of a number of GOP's to pass this measure postponing the price hikes. We had better E-Mail our Congressmen and Congresswomen, spurring them on to delay these hikes.