The ever less rare collision of climate change and congressional stupidity:
Federal Flood Insurance Program Drowning in Debt. Who Will Pay?
by Christopher Joyce
NPR - January 1, 2014
Congress has tried to boost premiums on the cheap, subsidized insurance FEMA offers. But property owners in flood zones protested the rate hikes, and legislators backed off in 2013, calling for "further study." Meanwhile, a string of bad storms has left the program $24 billion in debt — so far.
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