04/21/2010
https://www.congress.gov...
"The taxpayers, State, local, Federal taxpayers, have invested something like $32 billion, or maybe more, in that levee system."
"So here you have the problem of people paying their levee taxes... and then also having to pay flood insurance."
"It would seem to me there would be a really big drop-off in your premium because the risk would be so much less."
"I think you are touching on something that FEMA can't fix right now, or no one else can fix right now except the Congress."