Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Your country really is fucked up, forcing people to risk bankruptcy for something (higher education) so valuable to your nation.Student loans should be like mortgages. You cannot get a loan for $1.5 million to
Yeah, that's not a thing.Your country really is fucked up, forcing people to risk bankruptcy for something (higher education) so valuable to your nation.
Also, bankruptcy for medical expenses.
But you fork out huge amounts of public funds to insure rich people who build their houses in flood zones when they get knocked over in hurricanes!
Hel_Books said:
Your country really is fucked up, forcing people to risk bankruptcy for something (higher education) so valuable to your nation.
Also, bankruptcy for medical expenses.
But you fork out huge amounts of public funds to insure rich people who build their houses in flood zones when they get knocked over in hurricanes!
What's not a thing? People going bankrupt to pay for education or healthcare? Or tax money going to rich idiots with beach houses.Yeah, that's not a thing.![]()
People who spend more than they make can surely go bankrupt but I don't think public funds pay for home insurance.What's not a thing? People going bankrupt to pay for education or healthcare? Or tax money going to rich idiots with beach houses.
If they major in any of the above
They should be bankrupt
Hel_Books said:
What's not a thing? People going bankrupt to pay for education or healthcare? Or tax money going to rich idiots with beach houses.
Read the link above and you'll find that your federal government does, indeed, subsidize insurance.People who spend more than they make can surely go bankrupt but I don't think public funds pay for home insurance.![]()
Read the link above and you'll find that your federal government does, indeed, subsidize insurance.
It is embarrassing that he makes these proclamations like he knows anything about it.You never went to college or had any secondary education. Your posts are the proof I cite to my claim. I certainly understand the frustration you have trying to interact with people when expressing yourself in language is a difficulty.
That's not what the article says. Did you read it?Read the link above and you'll find that your federal government does, indeed, subsidize insurance.
Hel_Books said:
Read the link above and you'll find that your federal government does, indeed, subsidize insurance.
The article describes a 36 billion dollar (and counting) subsidy. Read it below:That's not what the article says. Did you read it?![]()
It's against forum guidelines to post entire articles.The article describes a 36 billion dollar (and counting) subsidy. Read it below:
Flooded With Good Intentions
Wednesday, January 10th, 2024
Sen. John Kennedy is upset because Sen. Rand Paul wants to limit federal flood insurance.
But Paul is right. In my new video, Paul says, “(It) shouldn’t be for rich people.”
That should be obvious. Actually, federal flood insurance shouldn’t be for anyone. Government has no business offering it. That’s a job for … the insurance business.
Of course, when actual insurance businesses, with their own money on the line, checked out what some people wanted them to insure, they said, “Heck no! If you build in a dangerous place, risk your own money!”
Politically connected homeowners who own property on the edges of rivers and oceans didn’t like that. They whined to congressmen, crying, “We can’t get insurance! Do something!”
Craven politicians obliged. Bureaucrats at the Federal Emergency Management Agency even claim they have to issue government insurance because, “There weren’t many affordable options for private flood insurance, especially for people living in high-risk places.”
But that’s the point! A valuable function of private insurance is to warn people away from high-risk places.
But instead of heeding that warning, politicians said, “Don’t worry. Since private companies won’t insure you, we will.”
Of course, the politicians claimed they’d price the insurance properly so they wouldn’t lose taxpayer money.
“We must (do) everything we can to protect taxpayer dollars.” said Colorado Sen. Wayne Allard.
But Paul points out, “Like most things in government, they continue to lose money.”
So far, the government lost $36 billion of your money.
Yet they still insure people who can’t get private insurance.
Kennedy thinks that’s fine. “The first role of government is to protect people and property,” he shouts from the Senate floor. “I thought this is what libertarians believe.”
No, Senator, we believe government should protect our right to life, liberty and the pursuit of happiness, and then leave us mostly alone.
By insuring risky property, Paul points out, “You’re actually doing the opposite of what you would think government would want to do; you’re promoting bad behavior.”
Exactly.
Years ago, Federal Flood Insurance encouraged my bad behavior.
I wanted to build a house on a beach. When I asked my father to help with the mortgage, he said, “No! Are you crazy? It’s on the edge of an ocean!”
Dad was right. It was a dumb place to build. But I built anyway, because Federal flood insurance, idiotically, guaranteed that I wouldn’t lose money.
I enjoyed my house for ten years, but then, as predicted, it washed away.
It was an upsetting loss, but thanks to Uncle Sam, I didn’t lose a penny.
I’m grateful. But it’s wrong that you were forced to pay for my beach house.
Paul is right to say that people with second homes “should not get insurance through the government.”
Actually, no one should get flood insurance through the government, but Paul fears that his irresponsible colleagues won’t approve killing the handout altogether. Instead, he just proposes limiting the handout to primary residences.
It would be a start.
But even this slight reform is too much for Kennedy, who says, “If you earn enough to buy a second home, we shouldn’t discourage that.”
No, we shouldn’t.
But we shouldn’t subsidize it with taxpayer money!
Doesn’t he get the difference?
Federal flood insurance is like buying drunk drivers new cars.
Adding to the idiocy, there is no limit on how many times the government will give away your money.
“One home in Virginia,” says Paul, “they’ve rebuilt the house 41 times!”
I took your money once. I apologize for taking it, but when my government offers me a handout, I feel stupid not taking it.
Let’s get rid of federal flood insurance and all subsidies that encourage people to do foolish things.
I only posted it because you claimed it wasn't what it was. Now are you willing to admit that the article demonstrates that your federal government subsidizes flood insurance?It's against forum guidelines to post entire articles.![]()
You never went to college or had any secondary education. Your posts are the proof I cite to my claim. I certainly understand the frustration you have trying to interact with people when expressing yourself in language is a difficulty.
They way I read that, it's insurance offered by the government, not paid for by the government.I only posted it because you claimed it wasn't what it was. Now are you willing to admit that the article demonstrates that your federal government subsidizes flood insurance?
Hel_Books said:
I only posted it because you claimed it wasn't what it was. Now are you willing to admit that the article demonstrates that your federal government subsidizes flood insurance?
Your government offers this "insurance" because the losses are so enormous any real insurer would go broke selling it without charging astronomically high premiums. Your government subsidizes these losses with your tax dollars. It says so, right in the article. It gives a figure of $36 billion.They way I read that, it's insurance offered by the government, not paid for by the government.![]()
You're claiming the owners aren't paying the premiums?Your government offers this "insurance" because the losses are so enormous any real insurer would go broke selling it without charging astronomically high premiums. Your government subsidizes these losses with your tax dollars. It says so, right in the article. It gives a figure of $36 billion.
I literally work with a shit-ton of college graduates who cannot:
Spell. Compute. Communicate in coherent sentences. Read. etc.
They also and uniformly do not know how to read maps nor do any of them have a conscious idea of their own physical location in the world at any given time. I'm in fucking Kansas City and I work a decent golf swing away from KC Union Station - one of the most famous landmarks in town. And no shit most of these college idiots can be standing in front of Union Station and still be unable to tell me where they are.
Anymore for me I see someone who is obviously illiterate and I wonder where they graduated college.
Hel_Books said:
Your government offers this "insurance" because the losses are so enormous any real insurer would go broke selling it without charging astronomically high premiums. Your government subsidizes these losses with your tax dollars. It says so, right in the article. It gives a figure of $36 billion.
It says in the article that the government is subsidizing the cost of the premiums because economically reasonable premiums would be astronomically high. $36 billion dollars, like it says in the article. Rich owners are being subsidized by your tax dollars.You're claiming the owners aren't paying the premiums?![]()