Robert Menendez actually said...

"It seems to me that we need to do something to help those individuals now caught in this set of circumstances and yet do not have the wherewithal, certainly at the start where they are facing premium ..."

"Which would be an enormous body blow to this economy that is already struggling to recover."

"What would happen is you would have both the Federal Government and any hope of getting the private sector back into underwriting mortgages walk away from all properties at flood risk."

"It seems to me to be a perverse incentive, you know, or disincentive."