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gretchen: there is an argument about federal versus state. some said the states should be in charge of some of this relief money so you don t have to go and request to the federal. i understand why you have to go before congress, because otherwise you could have a situation where you re giving out money willy nilly. peter: in essence, fema has an ability to print money. and as we were talking about before, steve, who in the end will be paying for our flood damage in the short-term? who will be putting up the dollars? will china? will we be becoming more indebt to do china as a result of our floods? steve: that s right. it s never free money. congress can say okay, we re going to come up with the dough and here is the thing, fema has this gigantic program with over a trillion dollars worth of property insured, but they only got $3 billion in the bank. that s crazy. but because we ve got such a gigantic deficit right now, peter, you re exactly right. if the congress says okay, let

Gretchen carlsonPeter doocyRelief moneyWilly nillyIn the endFlood damageThats rightProperty insuredTil for fema3 billion