Giuliani Woos Floridians With ‘National Catastrophe Fund’ Plan
EmailABC News’ Jan Simmonds Reports: In a move that will align himself with the Floridians he is banking his primary hopes on, Former New York Mayor Rudy Giuliani plans to outline his proposal Wednesday for what he is calling a "National Catastrophe Fund."
Giuliani will outline his plan near Pensacola, Florida, an area hard hit by hurricanes in the last decade.
A new ad the Giuliani campaign launched today in Florida, says "he’s the only candidate who’ll fight for a national catastrophe fund to reduce insurance rates." On the screen flashes the words ""National Catastrophe Fund."
This week Giuliani told reporters he likes a U.S. House-passed catastrophe bill sponsored by Palm Beach County Democratic U.S. Reps. Ron Klein and Tim Mahoney, and co-sponsored in the senate by Sen. Hillary Clinton, D-N.Y.
The bills would establish a quasi-governmental group that would sell long-term catastrophe bonds on the private market to help finance state catastrophe insurance funds.
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I’d like to see Guiliani propose a global poverty reduction plan in support of the Millennium Goals as well. According to the Borgen Project only 19 billion dollars in foreign aid would end world hunger.
Posted by: Clay N. | January 16, 2008, 12:22 pm 12:22 pm
So Giuliani wants to put FEMA in a different sized box and call it “new and improved”? He’s been spending way too much time down on Madison!
Posted by: Jordan | January 16, 2008, 1:09 pm 1:09 pm
What in heck is a “quasi-governmental group”? Congress? The Fed? The Dept. of Homeland Security?
Sounds like the cost will offset the benefit, and Giuliani will create more government instead of reducing it. Is that all the GOP is good for-spending money on things they SAY will help us, but really helps no one. Just like the above named government groups.
Posted by: shortnativetexan | January 22, 2008, 12:32 am 12:32 am