Friday, March 21, 2014

FINALLY DONE ON FLOOD INSURANCE??

Well it sure looks like we can finally put this one to bed, except that it hasn’t been signed by President Obama yet. It is sort of a strange place, when things have been approved in the House and the Senate and then go to the final place before they can become law: Obama’s desk for his signature. How long does it take him to sign these things? I am pretty sure that this one has been there for more than 1 week. Are there others there also waiting to be signed? Is there a signing schedule somewhere so the rest of us have some idea as to whether or not it will get done? Now they say his “supporters” expect that he will sign it, but why hasn’t he done it yet? I understand that he is busy, and is not always at his desk but really how long do these things take to accomplish? Everyone is talking about this like a done deal and even commenting on it but it is not officially done just yet. You can see by many of the comments from Senators that the prevailing view for them on this issue was that this was a tax break to very wealthy people. And in truth yes plenty of them will benefit from it but they will not be the only ones. There are plenty (exactly how many I don’t know but there must be a lot right?) of regular people, lower to middle class, that will be rescued by it. And so we step ever closer to real insurance reform here, and get off the pinnacle of insurance premium pricing. Sometimes I wonder if we are being punished here with this in return for our outstanding weather and quality of life. Regardless, the only way to go from the top is down and I think we might be making some progress getting there, provided that Obama gets to all the stuff waiting for him on his desk. This is not going to help his approval ratings any, especially in Florida.


Bill to limit flood insurance rate hikes headed to president


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