Thursday, August 25, 2011

Eric Cantor On The Real Earthquake Problem

Eric Cantor: No Federal Earthquake Disaster Aid Without Spending Cuts | Crooks and Liars:
"While touring the damage in his district, Cantor surmised, “Obviously, the problem is that people in Virginia don’t have earthquake insurance.” As the Insurance Information Institute notes, “earthquakes are not covered under standard U.S. homeowners or business insurance policies, although supplemental coverage is usually available.” So, for Cantor, the problem here is that Virginians didn’t have the foresight to predict an exceedingly rare natural disaster and pay out of their own pocket in advance."

'via Blog this'

Really? This is his solution?

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