Rise in government insurance rates to mirror rising waters, flood debt
“In general it’s a move in the right direction,” said Eli Lehrer, president the R Street Institute, a conservative Washington think tank, but doesn’t go nearly far enough to fix a program that’s broken.
Discounted insurance is “expensive for taxpayers and encourages people to live in harm’s way,” Lehrer said. “Stupid, rich people who want to should be allowed to build wherever they want to as long as taxpayers don’t have to bail them out.”
