Clouds

Musings on current events, books and random themes

Monday, December 2, 2013

A telling report of economic and political self-centeredness from an interesting source

Here is an opinion piece that highlights greed and the resistance to change - even
when it is clear what is in the interest of the public and nation. What is especially "telling" is
that those in power, both Democrat and Republican, are part of this.

"Flooding Taxpayers Again

A bipartisan caucus wants to keep subsidies flowing to the 1%.




Federal flood insurance is a classic example of powerful government aiding the powerful, encouraging the affluent to build mansions near the shore. Congress finally had the gumption to reform the program in 2012, but now the beachfront homeowner and housing lobbies are trying to reverse this progress........."

For the rest of this article, see
http://online.wsj.com/news/articles/SB10001424052702304337404579210323959746680?mod=WSJ_Opinion_AboveLEFTTop
Elihu Genmyo Smith at 4:58 AM
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