Biggert-Waters NFIP Disaster Update: Our politicians thus far unable to reverse the damage from their earlier votes….

So far the two state senatorial delegation of Mary Landrieu, David Vitter, Thad Cochran and Roger Wicker are striking out on delaying the massive NFIP rate increases coming down the pike. Per this Bruce Alpert piece, Senator Landrieu is now seeking a one year delay in the massive rate hikes coming for those that participate in the National Flood Insurance Program. A few days later, Alpert covered a letter the area’s congressional delegation sent to FEMA asking for administrative relief.

The troubled Flood Insurance program is billions of dollars in debt and the Biggert-Waters Act, designed as it was by the Insurance Industry for the sole benefit of the insurance industry guarantees that the billions of dollars in wind claims private insurers such as State Farm dumped on the NFIP after Hurricane Katrina will be repaid by the NFIP ratepayers instead of the large companies that socialized their contractual obligations under their insurance policies that dumped them on the US Treasury. Unfortunately the people of this area were sold out to the insurance industry by our own politicians, who now claim ignorance of the impacts of the bill upon which they voted Aye.

In related news Alpert checked in yesterday with a report on the FEMA pilot program on adjusting flood maps to give credit for locally built, non-accredited levees.  This seems a risky proposition to me due to the fact ongoing maintenance of these systems has been historically neglected plus filling in marshlands for development is bad for the environment. What this area needs is smarter development that does not impact or alter the floodplain, not more levees.

“I could be wrong” Twofer Tuesday……..

I could be wrong but I do not think the former Goatherder in Chief is getting out much these days or even interacting with the outside world for that matter.

Aaron Broussard listed among defense witnesses in Katrina flooding lawsuit against Jefferson Parish ~ Drew Broach

Maybe they can sneak a camera into FCI Butner and do a video depo.  😉

Moving right along, I could be wrong but it appears James O’Keefe is both a “Gonzo Journalist” (whatever the hell that is) and a complete moron.

Gonzo journalist charged in Landrieu caper confronts Letten ~ John Simerman

Bump: Taxpayers on the hook in D’Iberville after consulting scam collapses

RFP in comments on Today’s auditing moment: Fictitious Vendor Embezzlement

The forecast is for increased heat in the City of D’Iberville.
Ocean Expo’s delay means taxpayers may pay first bond note

D’IBERVILLE — City officials expected Ocean Expo Aquarium to be built and open by now and ticket prices to cover the cost of repaying the bond to purchase the land.

Instead the city may have to make the initial $318,668 payment — due in September — out of the general fund.

A visit to EMMA has been scheduled to do some digging into the official statement.

Additional Ocean Expo:
Can anyone provide information on the contract for site work at the Ocean Expo site?

IMMS solicited bids for “site preparation Phase 1″; the Daily Journal Of Commerce Gulf Coast (see page 17) reported that a local firm by the name of SH Anthony was among the plan holders. Bids were due on August 9, 2012. Was a contract let? Or was this the work that Harrison County did? (See Sun Herald article).