Congress is debating whether it is worth insuring those in flood prone areas. Some however argue that there are many areas of the country that are proned to natural disasters. Earthquakes in California. Tornadoes in the Midwest and hurricanes on the East and Gulf Coasts. Some argue that individuals should incur the costs by buying insurance through private entitites and not the federal government. Hurricane Katrina is expected to cost taxpayers in the multi-billions of dollars. Congress has already allocated over $60B so far.
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