On the recordApril 16, 2024
Mr. President, last week, we saw terrible flooding in parts of Louisiana. Here, as the charts will show--water shouldn't be up to the bottom of a vehicle. Here you see people getting on a bus, wearing waders. So people's lives were disrupted, just like with any serious flood. Now families are turning to FEMA, the National Flood Insurance Program, to help lift them out of the hole that last week's storms have left them in. Moments like these are why people buy insurance. But what about after we have recovered and the Sun shines once more? There is increasing concern among Americans that they will not be able to afford their flood insurance for when the next storm hits. A house is the biggest purchase most people make in their lifetime. Unless you are among the wealthiest, you are taking out a mortgage to make that purchase. After you have bought your home, imagine if FEMA changes the rules and your flood insurance now costs more than that mortgage? No American should have to pay more in flood insurance than their mortgage, but that is the story I am hearing frequently from people in Louisiana. There is a cost-of-living crisis being fueled by the inflation created by this administration. Inflation is costing Louisiana families $884 more a month compared to 2021. Everywhere they turn, they are frustrated with the fact that they are paying more and getting less.…
Source
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