Flood Insurance Program $19 Billion Underwater

Nexxxxt! When will the bailouts stop. Year after year, the nation is asked to replace and rebuild for those who will not live other than in the path of destruction.

I'm as soft hearted as the next person, but can we use some common sense here.

Tennessee has experienced a major flood, one of epic proportions. it seems every time it rains in Houston more than 6 inches we get a billion dollars worth of damage in the low lying areas. Houston is only 50 feet above sea level. That is 75 feet higher than New Orleans.

The sunny beaches of Florida are a haven, no doubt, but they are hurricane magnets. The flat plains of Oklahoma are called tornado alley. California is a conglomerate of incessant tribulation, fire flood,quake,tsunami,mudslide,fire flood quake tsunami mudslide.

Other parts of the country have their troubles as well, places in the Dakotas flood every year when the snow melts. For the life of me I don't understand why those people don't stop sand bagging, and just break down and build a damn levy. Same for the cities further down along the Mississippi.

Thankfully we have insurance companies who will, for a price, cover most of this foolish behavior. Most but not all. That's where the dopey government steps in with flood insurance.

We should continue this program, but just as the insurance companies, spread the paid out claims over the policy holders pool the following year, in the form of higher premiums, so should the government flood insurance agency. There should also be provisions as to maximum lifetime property coverage. Not the property owners lifetime, rather the property's lifetime. Premiums should be higher for claims on property that gets flooded out every 5 years and lower for those which experience a 500 hundred year flood.

To build on a railroad track is asking for it, why should the rest of us pay for such stupidity.

Steve