Chicago Tribune

Editorial: Floods are inevitable. Soaking taxpayers isn't

An editorial from the Chicago Tribune:

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There is a house in Spring, Texas, just outside of Houston, that has achieved a certain distinction for being flooded again and again. Over the years, reports The New York Times, it has been repaired no fewer than 19 times, costing the federal flood insurance program $912,732. Its actual value? Just $42,000.

But that's not such a rare distinction. A house

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