Political Quotes

On the recordSeptember 19, 2007
our friends on the Republican side pride themselves on being tough on terror, and rightfully so. To be honest, it is evident when you listen to President Bush and he says things like ``You're either with us or against us.'' But also the President said in the wake of 9/11, he said this here in this Chamber to the Congress and to the American people, and I quote our President, ``Terrorist attacks can shake the foundations of our biggest buildings, but they cannot touch the foundations of America. These acts shatter steel, but they cannot dent the steel of American resolve.'' Our President said that to us, Mr. Chairman. After looking over the amendment, I realize the gentleman from New Mexico was not yet elected to be here and probably didn't get the memo about what the President said, because the effect of his amendment would allow terrorists to tell us where we can and where we cannot build after a catastrophic terrorist attack. The bill would reset the deductible from 20 percent to 5 percent after a terrorist attack, which is good. The amendment that the gentleman proposes would increase the reset deductible to as high as 19 percent after a terrorist attack, which is almost the same as the original 20 percent. Small comfort. Undermining the purpose and the intent of the reset mechanism by eliminating the incentives created by the reset would price insurers out of areas affected by terrorist attacks, prohibiting developers from rebuilding.
Said by
Gary Ackerman
New York

Editor's note · Context

Discussing the implications of an amendment related to insurance deductibles after terrorist attacks.

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