Originally Posted by Ben Franklin View Post
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?
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Originally Posted by Aces4
Why not provide the same handout proposed to those of with a college degree to include their peers. Why would we gift one segment of society? Those who provide some of the most essential services to society without a college degree and work tirelessly for smaller wages need to be rewarded too. Where does it stop?
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Don't know what that has to do with my post, which was, basically, why only pick on kids having to pay back their college loans, when no one is lambasting those who move to areas where federal flood insurance is needed; where those people, who have needed to make a claim have forced the government to take out a loan, that isn't being paid back on time, and which will probably end up requiring all of us to pay for the loan. But maybe that's a question for a new string.