Ron Paul on FEMASubmitted by TruePatriot68 on Tue, 08/30/2011 - 18:18
With reports that Hurricane Irene killed at least 20 people, knocked out power to more than 2 million homes and businesses and left many towns flooded over the weekend, presidential candidate Rep. Ron Paul (R-Texas) stood by his controversial belief that the federal government should reduce its role in disaster relief. In an interview on Fox News, Paul argues against the very existence of FEMA.
Paul criticized the agency’s flood insurance program, which allows property owners to purchase insurance from FEMA for homes private insurers were not willing to back. “The whole idea of FEMA is a gross distortion of insurance”, Paul argued. “It’s so far removed from the market and what insurance should be about.”
“It’s a system of bureaucratic centralized economic planning that is a policy that is deeply flawed. They contribute to deficit financing and, quite frankly, they don’t have a penny in the bank.” Paul said on Fox News Sunday. He argued that FEMA had one of the worst reputations for a bureaucracy ever.
Read more here: http://www.forbes.com/sites/benzingainsights/2011/08/29/ron-...