Outrageous: Your Tax Dollars Bailing People Out

The saddest thing is only THREE comments on this atrocity, and they don't seem to have any hugely adverse effects from it. ME? My home is located in a "Zone X". In a nutshell, that means FEMA has done NO geological studies as the area is too commercially poor to justify spending the money. I owe $81k on my home, but have to insure the "rebuild" which is $140k. For that I get to pay $1,100.00 per year. (Homeowners is $475!) I guess I'll just move to New Orleans. That's where my money is going

All government programs with very few exceptions are good intentions gone awry. When billions of dollars are considered small potatoes, that is a sure sign of a colossal federal government; something the framers never intended.

As for people living in flood plains and other natural disaster danger zones – that means moving all inhabitants of Florida and the southeastern coast, the entire Gulf Coast (including New Orleans, our 4th most important seaport, entrance to the great Mississippi River and the heartland), the Midwest, and wherever there are wildfires, great freezes, etc. The entire state of California’s (I’m from Oakland) inhabitants should be moved because of all the earthquakes, floods, mudslides, wildfires and potential tsunamis. Obviously, that’s impractical and would be total chaos, including economically. We need to find other solutions, and ones that don’t discriminate against those with fewer resources.

The is just small potatoes. The real danger to the nation is the $700+ Billion bailout of of the financial industry which dug its own grave at the same time dragging thousands of homeowners down with them, the TRILLION DOLLAR Iraq war, the big subsidies to Big Oil & Big the Pharmaceuticals. iI thought these businesses & the government didn't believe in handouts?