Political Quotes

“Thank you, Congressman Palazzo. Your map says it all. After speaking with many constituents during the recess, including five town halls that I held, I believe that many homeowners who have seen their rates increase were not even aware that the National Flood Insurance Program rates were partially subsidized by the Federal Government. As the Congressman just said, please do not think that this pertains to California coast and the Pacific alone, or New Jersey or New York coastal. This affects people all across the United States. Just in the State of Pennsylvania alone, we are not on a coast, we are in by several hundred miles, there are several thousand miles of waterways, rivers, creeks, streams. Just to give you an example, in one of the town meetings, I asked Jeff and his wife--Jeff is from Muncie. Jeff and his wife bought a house, paid it off early, paid their taxes, kept their insurance up. Again, their insurance is going up from about $600 a year to $11,000 a year. I said to Jeff, when you were at your closing, and the realtor is sitting with you, and the lawyer is sitting with you, and the bank is sitting with you, they came out to you and said, okay, now we need a check for the flood insurance because you have a federally-backed loan and you are in a flood area. So he wrote out a check for 6 or 700 bucks. But I said, at that point, did anyone say to you that two-thirds of the cost of the flood insurance is subsidized by the Federal Government? He said, never.…”