Posted on 01/06/2013 11:22:10 AM PST by Olog-hai
President Barack Obama has signed into law a $9.7 billion bill to pay flood insurance claims from Superstorm Sandy. …
The House has yet to act on a larger, more comprehensive Sandy aid package. Republican leaders did not bring the bill to the floor before the last session of Congress adjourned. …
(Excerpt) Read more at hosted.ap.org ...
If this was insurance why is this needed?
The FEMA flood insurance program is run with Federal dollars. Need more money in the Kitty to pay off the claims.
Because it’s not insurance; it’s “insurance.”
they blew the fund $ on other crap?
Exactly. FEMA has “insurance” the same way Social Security has a “retirement fund.”
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