This is absolutely the most insane idea to date. Can you say major depression to hit US?
I dread to think who will come out of the woodwork to make their claims for God knows what catastrophe they will claim the govt owes them for, they are starting a precedence with all this that will start a firestorm and flood of attorneys suing for every known and unknown claim.
Imagine every home that is destroyed in any hurrucane, tornadoe, flood etc will now expect the same treatment.
What is wrong with our govt have they all taken leave of their senses or have the socialists taken over the govt and we haven't been told??
Conservatives need to get a grip and start acting like conservatives!
hurrucane = hurricane
Katrina the hurricane that caused a conservative meltdown....
There ought to be 100 senators lined up to halt this idea...because this opens tremendous doors. Only a fool in business would go along with this idea. You are asking for major structural issues that people can't calculate...why even bother loaning any money to a zone near the coastline for house construction? I'd take every penny out and require a customer to live 20 miles inland. Anybody that wants to play this game...will destroy the economy rather quickly.
"Conservatives need to get a grip and start acting like conservatives!"
And therein lies the problem.........