Like A Hurricane

The Florida Democratic Party has started the website HurricaneMcCain.com. Their video attacks the Straight-talker's pathetic Katrina voting record. Where I have policy disagreements with the website is on the national catastrophe fund. I voiced my disapproval of a Florida CAT fund. Governor Charlie Crist sold the CAT fund to voters, without providing the tax revenue to pay for the fund.

If the Florida Democratic Party believes that a national CAT fund is a good idea then they should explain how it will be paid for during a federal deficit. The point is moot since a national CAT fund will never get enough votesd in Congress.

Side note: Barack Obama supports a national CAT fund.

The national catastrophe fund is one seen as favorable to Floridians, and the legislation passed by the House was sponsored by two Florida representatives. Sen. Obama compared the situation facing homeowners in the sunshine state to those living in other parts of the country.

“The bottom line for the residents of Florida is they need protection in the same way that people in the Midwest need protection from tornadoes or other natural disasters,” he said. “And I think its important for us to make sure the federal government is playing a role as a backstop in that process.”

I wonder if a future President Obama wants a national CAT fund to be one of his first battle. One of the Clinton administration's first fights was the BTU tax. Members of both parties hated the idea of taxing carbon emissions. I am no defender of energy companies, John McCain or the Bush administration's handling of natural disasters. What bothers is oversimplified that fail to inform the public.

Ron Klein's bill, the Homeowners' Defense Act of 2007, passed in the House. McCain falsely claimed that the bill would cost $200 billion-a-year. The Maverick should spend time reading bills he is dissing.

There are authorized to be appropriated to carry out this title $20,000,000 for each of fiscal years 2008 through 2013.

The maximun liability for the Treasury Department "shall not exceed $200,000,000,000 or such lesser amount as is determined by the Secretary based on review of the market for reinsurance coverage under this title."

So many dollar signs and zeros. What is a Senator to do.