RANT: If the gooferment pays you off for a loss

http://apnews.myway.com/article/20070827/D8R91P5O1.html

Storm Cleanup Begins in Soggy Midwest
Aug 26, 8:34 PM (ET)
By EMILY ZEUGNER

*** begin quote ***

The disaster declaration means residents can apply for assistance, including grants for temporary housing and home repairs and low-cost loans to cover uninsured property losses.

*** end quote ***

I am truly sorrow for the trouble these folks are having.

But, I have to rant about “federal flood insurance” and the strategy of rebuilding. I’ve often called Federal Flood Insurance as a boondoggle to allow rich folks to rebuild in risky places.

Sorry, but perhaps we need to change the strategy here. If I, meaning the Federal Gooferment, pay for for your loss, then you don’t get to rebuild in the same place. That plot is forever “uninsurable”. You, or anyone, builds there at their own risk. No second bites of the apple. We have properties here in New Jersey that have been flooded out twice in the same year. Never mind the hundred year flood plain.

So there is my idea: If the gooferment pays you off for a loss, the site is now a green space.

# # # # #

This entry was posted on Monday, August 27th, 2007 at 18:37 and is filed under Ranting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Please leave a Reply