this process started it would not work. what he does this he gets the hopes of people who do not know better, who do not understand the branches of our government. they don t understand it comes from the legislative branch of the presidency raises it to get peoples hopes up. folks are drained and who blame someone else when this happens for this approach. david: forgive me for interrupting. in the house would have oversight. and let me say this, david, and have new deal they been looking at coming out with, let me tell you to think about this new d deal. first of all, the only thing it does the nonpayment is not given to the credit for credit reconciling. what it does, it does not stop the compounding interest. those that will not be paying what they owed, will be getting interest in compounding interest of the whole process prevents we have to get away from. that s forget her folks in a lot
resignation. this is the biggest gd deal since truman, if the president didn t know a couple days before how bad it was, what is he, hitler in the bunker? that is objectionable. almost as objectable as the hitler reference. he s like nixon. is that better? but if he s not getting a flow of information, it means that the leadership problem here starts at the top and goes all the way through people like sebelius. it s your legislation. fine, fine. we can jump up and down about this. met me get to my question. i want to ask you a question. obviously, this is bad. the president says it s bad. he offered no he gave a whole press conference about it yesterday. but here s what s interesting to me. you say it s abysmal. you have people screaming and
example where you have a house that is worth $200,000, a guy has replaced it three times so he is into the government for overñi $800,000 and that is a gd deal. the protect started in 1972 because the private markets, of course, they set their rates based on actual risk and if people did not want to pay the high premiums so the politicians stepped in and we are now $20 billion in debt. but, yet, what happens, other states where there are premium holders, for instance, in michigan, in my district, all of the great lake states are, really, significantly disadvantaged because we don t have hurricanes, and besides this we don t live below sea level, we lockdown at the water, we don t lockup at the water and michigan pays more than six types in premium than we get back in claims as an example. so, i don t believe, look, we are americans. when other americans are hurt by a until disaster we have to step in and i think, then, we should have, you know, fema, and some