Lost in the discussion about a need to raise flood insurance rates, mostly to offset losses from the 2005 hurricanes, is the fact that the flooding in New Orleans was caused by the failure of the federal levees.
A significant part of the $25 billion spent by the National Flood Insurance Program was in response to this negligence.
Payment for this expenditure should, therefore, not come from the recipients of those claims or future flood premium payers, but rather the negligent party — the federal government, meaning all U.S. taxpayers.
People inside those failed levees should not be singled out.
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