Talk of The Villages Florida - View Single Post - Student loans/debt responsibility?
View Single Post
 
Old 11-11-2019, 05:55 PM
Ben Franklin's Avatar
Ben Franklin Ben Franklin is offline
Veteran member
Join Date: Oct 2017
Posts: 540
Thanks: 256
Thanked 481 Times in 198 Posts
Default

Since 2004, "National Flood Insurance Program has borrowed $39.4 billion from taxpayers. It has repaid just $2.82 billion of that principle. In a report last September, the Congressional Budget Office projected that, as currently structured, the program should be expected to lose $1.4 billion on an annual basis." Yes, everyone should pay off the loans they took out, but in this case, those who don't need flood insurance, will also have to help pay off the loan. Shouldn't those who have federal flood insurance be the ones responsible for paying off the loan? Socialism?