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Replies to #215802 on Just Politics
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janice shell

10/09/24 9:06 PM

#215803 RE: $5.95akadawson-m #215802

No. Nobody's gonna pull the plug on Social Security for a hurricane. Milton is bad, but we have the money to pay for it. Or at least we will if Maga Mike would take the trouble to call Congress back to DC to vote for emergency funding.

And if you didn't see it, today Biden called out Trump, MTG and others for lying. Even Fox seems to have realized it needed to stop.

And if you aren't watching TV, it made landfall about half an hour ago. But it's moving fast, and will apparently be gone by tomorrow morning.
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BullNBear52

10/10/24 11:29 AM

#215810 RE: $5.95akadawson-m #215802

After 9/11 the brokers and re-insurers lobbied Congress to have terrorist activity backstopped by the Feds and they came up with TRIA.

https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/terrorism-risk-insurance-program#:~:text=The%20Terrorism%20Risk%20Insurance%20Act,a%20certified%20act%20of%20terrorism.

As the storms get worse due to climate change Congress will have to come up with the equivalent of TRIA. As it is now homeowners insurance and commercial insurance is un-affordable in FL and everyone thought Asheville NC was a climate friendly place to live.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175171874

Now whether they do that or not is a different story.