On the recordMarch 19, 2013
As the NFIP was reauthorized, there is no affordability.
Source
congress.govAs the NFIP was reauthorized, there is no affordability.
Discussing the lack of affordability in flood insurance after NFIP reauthorization.
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More from Lester Johnson
We have to reduce the deficit. And so, we need to focus on spending, spending, spending.
The amount that they’re looking to reduce spending is about 1.3%. It’s a rounding error. It’s completely inadequate.