Our Views: Not mansions, our homes
One of the major advocates for Biggert-Waters is R Street, a conservative Washington think tank. “While it is reasonable for Congress to address hardships that could make flood insurance unaffordable for lower-income homeowners, a blanket delay would mean continuing to subsidize beach homes for the wealthy, as well,” R Street analyst R.J. Lehmann said of the new push for changes by U.S. Sen. Mary Landrieu, D-La., and a bipartisan group of senators…
…We note that R Street recognizes that changes have to be made to Biggert-Waters, in part because of the way in which the federal government has failed to assess properly the flood protection provided by levees so common in Louisiana and the clumsy way in which the rate increases are to be levied unless the law is amended.
