Washington Warming to National Disaster Plan Idea
National News • March 16, 2007
A proposal for a national disaster plan to backup private hurricane and flood insurance markets appears to be gaining momentum in Washington.
This week, Rep. Barney Frank, D-Mass., chairman of the ...
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Subject: RE: We're lucky to have Barney Frank in Congress
Posted On: March 16, 2007, 12:09 pm CDT
Posted By: Jeff
Comment:
Rosie,
I agree. It doesn't appear the private sector can deal with the problem effectively without pricing people out of their homes. While I think adding government intervention to a industry does increase cost and reduce efficiency, I believe the needs of the gulf coast citizens outweigh the "free market" solution. I, for one, do not mind paying a few extra dollars to help out my fellow Americans.
And, for all the "move away" folks, that is not a solution. You cannot simply vacate large areas of the country.
Subject: RE: We're lucky to have Barney Frank in Congress
I agree. It doesn't appear the private sector can deal with the problem effectively without pricing people out of their homes. While I think adding government intervention to a industry does increase cost and reduce efficiency, I believe the needs of the gulf coast citizens outweigh the "free market" solution. I, for one, do not mind paying a few extra dollars to help out my fellow Americans.
And, for all the "move away" folks, that is not a solution. You cannot simply vacate large areas of the country.