Sandy Relief Fraud: 1.3 Million Years Of Toil
The Republican-led House of Representatives has passed a bill to increase the deficit $9.7 billion.
Why did they do this? Because the National Flood Insurance Program (NFIP) is broke.
The NFIP is a federally run program that allows individuals, businesses, and municipalities to purchase insurance policies in flood prone areas where private insurance companies REFUSE to offer coverage due to overwhelming risk and costs. Victims of Superstorm Sandy who purchased these policies are now placing claims and deserve to be paid – regardless of whether the government collected enough premiums to absorb the losses or not.
So why would the House vote to borrow the money? Because the US Government is broke.
But wait a danged minute. Insurance policies are CONTRACTS that are paid in ADVANCE via PREMIUMS. In other words:
1) Those in the House that voted ‘aye’ (FOR) funding these policies voted to BORROW money knowing they already SPENT the money they collected in PREMIUMS, not to mention this is a blatant recognition of the fact that the PREMIUMS charged were not enough to absorb a catastrophic loss.
2) On the flip side, those in the House that voted ‘nay’ (AGAINST) funding these policies voted to BREAK the contract they made when they sold the policies.
In other words, collectively these CRIMINALS knew what they were doing:
1) Selling a product the private market would have gone bankrupt selling;
2) They spent 100% of the premiums they collected on other things besides claim payouts;
3) 67 of them voted today to refuse payment to their customers in breach of contract; and,
4) When were forced to pay up they borrowed the money using your future labor (taxes) as collateral.
Folks, at least 100 Republicans voted FOR this. All of them, Republicans and Democrats, participated in it. Congress – as a body – should be indicted, tried, and sent to prison for racketeering and fraud.
Think about it like this. The average US worker earns about $2 million in a 40-year working lifetime. Just to repay this $9.7 billion debt voted on today it would take 4,850 Americans their entire working life (or 194,000 human years) …. if they gave 100% of their earnings to the US government.
Now, here’s a little secret. The US government spends just a weensy bit more than $9.7 billion (about $12 billion) EACH AND EVERY DAY.
And guess what? They ain’t even got started good on raping you over Sandy while making you feel guilty for not lending a helping hand. Well, there’s another $60 billion figure being considered for people who DIDN’T buy insurance. Wanna know what that will cost? How about 30,000 people paying 100% of their lifetime earnings to these sycophants and their sociopathic providers and enablers.
Or, all told, round about 1.3 million human years in labor.
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