Quote from the article…” I think what Maxine Waters wants is to forgive the debt, just outright erase it. ” That’s $20b now after a $16b forgiveness last year. Can we as Americans all do that please? It’s called ‘actuarially sound’ and Private Flood will bring that.
That would require those exposed to the risk to pay the debt, not ALL US taxpayers. Retro-rating would be one way, and experience rating would be another way.
Quote from the article…” I think what Maxine Waters wants is to forgive the debt, just outright erase it. ” That’s $20b now after a $16b forgiveness last year. Can we as Americans all do that please? It’s called ‘actuarially sound’ and Private Flood will bring that.
That would require those exposed to the risk to pay the debt, not ALL US taxpayers. Retro-rating would be one way, and experience rating would be another way.
Yikes. Maxine is a chair of a committee? That’s frightening.
It’s the Committee’s lame sense of humor; i.e. electing ‘Waters’ to head the ‘flood’ insurance program committee.