The National Flood Insurance Program (NFIP) run by the Federal Emergency Management Agency (FEMA) is $20.5 billion in the hole, even after Congress canceled $16 billion in debt in 2017. This financial shortfall is largely because the program does not charge nearly enough in premiums to pay for the flood damage on the properties it insures. For decades, taxpayer bailouts of the NFIP have enabled people to live and build in flood-prone areas instead of bearing the risks themselves.
Yet another Next New Green Deal is that same fraud as the last Next New green Deals. If you tx carbon, our government swill subsidize carbon for their pals. The net result is poverty and more co2 emissions. Look at California's wasted and inefficient transit, for example.
Most politicians know the fraud, it is not going anywhere.
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