Terrorism Insurance

The Federal Terrorism Insurance plan has been extended for seven more years.  First of all, this is something that I totally didn’t even know existed.  But now it is being extended for 7 more years.  The jyst of the the insurance is that if your building gets blown up by terrorists, this insurance covers that loss.  Why is this necessary you ask?  Because in the wake of 9/11 insurance companies decided that they will no longer cover losses caused by terrorist attacks, it costs to much money.  So the government picked up the job of insuring for this (much like they do for flood insurance, just ask the people in New Orleans). 

Now originally the bill that was voted on would have extended the insurance for 15 more years and lowered the threshold for the amount of damage that a claim would be paid on, but Bush said he would veto the bill if it included those terms (big surprise there, what doesn’t he veto).  But the reasoning is my favorite, he thinks that terrorism insurance should be moved into the private market.

I think this, I think flood insurance should be given back to the private market.  Because a flood doesn’t target anyone, it is an indiscriminate act of God, just like the other things that insurance should cover, like a fire, or a tornado.  That kind of stuff.  But terrorism has a target, our country.

The target of the World Trade Center attacks, America.  Why?  Because the policies of our government have turned the world against us.  People don’t like America because we are meddling, pushy and rude when it comes to foreign polic.  We want things our way, and if you don’t like it, tough, we’ll wipe you off the face of the earth.  So we become a target for terror attacks.  Doesn’t it stand to reason that the government, the people that dictate foregin policy, should pick up the tab for the terror attacks that their foregin polcy causes.  I think so, what do you think?