HeadlineUSA- Sen. Chuck Schumer, D-N.Y., has stalled the federal government’s adjustment of flood insurance rates so that his wealthy Long Island constituents will not have to pay more to protect their beachfront properties, the New York Times reported.
The Federal Emergency Management Agency had planned to hike rates on April 1 so that it could pay down a $20.5 billion deficit in the National Flood Insurance Program, according to Reason magazine.
Congress previously expunged the NFIP’s $16 billion debt in 2017, but without changes the program again fell into debt.
Schumer seemed to hope that Congress would continuously subsidize New York’s beachfront property-owners by canceling the insurance program’s debt rather than raising rates.
He has opposed increases in flood insurance rates since FEMA announced them in 2019. read more
Our nation is a large organized crime operation.
It’s not the nation that’s an organized crime operation it’s a corrupt government and their media sycophants and lapdogs who are the real criminals.
Gee Wally… somebody call Al Gore!
Chuckles iz not a true believer of Global Warming!!
Chuck Schumer is a turd.
The libs are always saying the rich need to pay their fair share, looks like just more BS from the lefty hacks.
You can’t say he doesn’t care about his base.