RUSH: Here’s Mike in Melbourne, Florida. Mike, you’re next on Open Line Friday. Hello.
CALLER: Good afternoon, Rush. Thank you for taking my call.
RUSH: You bet, sir.
CALLER: We need to talk about a new government scheme involving flood insurance that’s going to victimize more and more people across the country. As you know, the government is the sole provider of flood insurance policies. Well, it turns out that FEMA is in the process of redrawing all of their boundaries to determine who is in a flood-hazard zone and who isn’t. Well, a few days ago I received a letter from my mortgage company saying that FEMA had informed them that my property is now in a flood-hazard zone and federal law required them to force me to purchase flood insurance. I’ve looked online, and there is, in fact, such a law. It’s called the National Flood Insurance Reform Act of 1994.
RUSH: Folks, do not disregard our previous caller. This is hidden taxation. It’s another way for the Regime to redistribute wealth, and it’s all done in a stealth way, and it doesn’t require the bad PR of a tax increase. Nobody knows about it except the people to whom it happens. And basically he was right on the money. FEMA is simply redrawing flood plains. They’re simply declaring that if you happen to live in an area they deem to be a floodplain, and then if your mortgage is backed by the government, then you have to buy flood insurance.
You may have never purchased flood insurance before because there’s never been a flood where you live. But FEMA, in concert with the EPA, can simply declare, “Well, you know what? Our computer models that say it’s gonna raise two degrees in a hundred years say there might be a big 100-year flood in the next 80 years where you live, and, as such, you need to have insurance.” It’s simply a way — the government’s gonna go get money wherever they can, and they’re gonna get it from people they think have it, be it pension plans or savings accounts or what have you.