Congressman Ted S. Yoho voted "Nay" Friday, January 4 to the controversial Hurricane Sandy Flood Insurance Expansion bill. Congressman Yoho joined 67 of his fellow Congressmen and women in voting against the bill. The bill passed the House 354 to 67.
Following his vote, Congressman Yoho issued the following statement:
"It is very important to take care of the victims of natural disasters however a politically charged bill, 60 plus days late and with zero offsets is not the answer. First, the federal government has no business in the insurance business. 60 plus days is far too long to wait for insurance benefits to be paid, again highlighting why the government should not be involved in the insurance business. As a Floridian, I have seen firsthand and understand the devastation that a hurricane can cause. I have also seen the gross mismanagement, inefficiency and delays because of the federal government's involvement. It's time to get back to the basics and encourage the private insurance sector to engage in this market."
"Second, the bill did not require any cuts to offset the price tag. We as a governing body must get out of the mindset that we can simply keep spending no matter the price. We can no longer afford to treat the taxpayer monies like an everlasting piggybank that gets replenished with borrowed money -- that's why we have $16.4 trillion in debt. We can't keep throwing money at the problem without any accountability. The American people and the victims of the Sandy Hurricane deserve better."