Via Howie Klein at DownWithTyranny I learned that the House of Representatives approved a bill on the federal flood insurance program yesterday by a bipartisan 329-90 vote. As you can see from the roll call, 85 Republicans voted with all but one of the Democrats present to pass this bill. Here's why:
The flood program, an arm of the Federal Emergency Management Agency, has for more than four decades offered affordable insurance to more than 20,000 communities that participate in flood damage reduction efforts and to residents in federally designated flood zones. It was created in 1968 because of the reluctance of private insurers to cover flood damage.
Congress has not updated the program since 1994. In the ensuing years the once-solvent program had to pay out some $17 billion in Katrina-related claims and had to deal with FEMA flood zone remapping that has thrust thousands of homes and businesses into areas where they are required to buy flood insurance.
Read the complete article at: http://bit.ly/cXYtzG