Clancy: We're getting screwed under 'Risk Rating 2.0'

Politicians and bureaucrats love buzzwords. It spares them the trouble of telling the truth.

Right now Congress and FEMA are discussing "Risk Rating 2.0." That's a buzzword for skyrocketing flood insurance premiums. And it hides an awful truth: Congress has taken the subsidies out of subsidized flood insurance, making it too expensive for people who need it most.

Here's another truth: America subsidizes corporate farmers, major industries and other special interests with subsidies, tax breaks and more. Flood insurance helps a lot more people than corporate welfare.

Making flood insurance "actuarially sound" is just another slogan designed to hide this truth: We're getting screwed. Congress needs to save flood insurance, not price it beyond people's reach.

[jjrusy]

here's another truth: getting repeatedly wiped out by a hurricane in a regular hurricane zone and expecting someone else to repeatedly pay for the rebuild, is a loser.