http://www.nytimes.com/2012/11/29/opini ... ce.html?hp
The government's flood-risk last year was a liability second in size only to Social Security.
Homeowners and businesses should be responsible for purchasing their own flood insurance on the private market, if they can find it. If they can’t, then the market is telling them that where they live is too dangerous. If they choose to live in harm’s way, they should bear the cost of that risk — not the taxpayers.