There are several.
In no particular order -- as an American taxpayer, you are the ultimate guarantor for federally guaranteed flood insurance policies.
As an American taxpayer, you are the ultimate guarantor for all federally insured mortgages, which includes FHA mortgages and all VA mortgages.
As an American taxpayer, you foot the bill for defaults on student loans.
As an American taxpayer, you foot the bill for FEMA.
As an American taxpayer, you foot the bill for Medicaid.
As an American taxpayer, you foot the bill for Section Eight housing.
There's more but that's enough for starters.
Well, that's just fine, isn't it?
The way I see it, since we're only going to be taking our money to pay ourselves back, there really is no need at all to give anybody in NO that money, is there?
Since you're into posting your "conservative principles," what about personal responsibility?
Why didn't these people have home owners insurance AND flood insurance? If their houses are destroyed, the insurance will pay them what they insured them for and they can pay their mortgages off.
Why do WE have to pay them anything?