Originally Posted by Botnst

If you don't subsidize the rebuilding then people have to pay their own way. That way the risks are their own. If we ceased federally subsidizing flood insurance then we could find out what the market cost of insurance on a building below sea level in a hurricane-prone area REALLY is. If a prospective homeowner can float the loan and get the insurance, let him build. If he risks his own money, let him build. If he spends his own money and builds it himself at his own risk, let him build.

Subsidizing rebuilding neighborhoods and subsidizing flood insurance simple ensures that taxpayers will pay for it all over again sometime in the future.

And this folks, is why we don't want government running the auto companies or medicine.