Or did the good news is we pay -- the big flap over flood insurance and life insurance for an closed. Reported four billion dollar deficit. One out of here order. Insurance for his for -- -- to search mourn loved and couldn't sell outs in the same time and couldn't afford to stay in the Euro now. Bipartisan. Seven house committee. As. Reached an agreement to at least they're gonna try to build that ultimately by at least warn users in the Cutler that your tree like Michael Hecht presidency you'll gee you know he. One of -- -- most responsible to get to -- and a lot of work on this Michael is is is this -- and at Q -- it's just being proposed. By bipartisan agreement -- -- that's right Garland so this is certainly significant in that it shows the -- momentum that we've been able to built on the issue and effective it is bipartisan bicameral. Is very encouraging for this bill also quite frankly for a government in general. But it still needs you like get a path to the president's desk it could go as a standalone bills part of regular order or could get attached to -- art of continuing resolution. I think that happens in nine in January so if it's definitely not time to us celebrate yet but we should feel good. That position has not been contextualize as a national issue not so Louisiana issue and it does seem to be will across both houses to to get it fixed. When one of the questions I was asking the senator we in the Oval Office time talk about it strutting your poll. Comprehension over response. Additional -- -- -- the -- and somebody in the question answer appeared brought this issue up. Analysts are -- and Al Gore -- about what would you be worried about it. And as to everything every age says 40% of the American population. Has moved -- coached. The end to be most political. And financial. -- warm rests in the East Coast all the way down -- -- it in there all people. That could be affected by hurricanes and -- in the and you got the Colorado time Pulitzer you can even add more people to it. Why is this not an easy thing to -- it actually would theme. To be affecting the most powerful geographic political and economic carries with a -- Well I think the first point that you make is true that on this is a one year anniversary of hurricane Sandia of course working back to Louisiana. I was living in New York City so I've kind of watch what happened there carefully and I think the fact is that if that had not occurred. We might not be on the precipice of actually fix this right because people are still. Viewed it as either an issue of speech bail -- where its people with the occasion homes that are right on the beach and are rebuilding and after every storm. Or something we're just about Louisiana where we foolishly foolishly built at the mouth of the river and down by the water. And we've had to do is have people understand that. Living by the coast living near river is actually to a significant degree a public good it's -- commerce happens if we didn't live by the water we couldn't have an economy. And it's partially for that reason you have national flood insurance because you do actually want to encourage people. To live responsibly by New York commerce can occur which is by the water. Who -- the other things confused me when when -- give the soliloquy. Just gave to you and -- -- percent moving to coast's largest populations. Carburetor and Reuters today the bipartisan agreement to delayed by at least four years -- interest rate hike that would impact about a million home. Well that didn't sound. Like very mentally. It is today more than. Well I think that's probably a misleading statement right now they're about five point five million homeowners in the country that are in the National Flood Insurance Program. About 20% of those I think 17% in Louisiana are what's called pre firm. And those are the ones that were built before 1973 before the flood insurance rate maps for the firm's. And those are the ones are already being impacted -- what started on October 1 but they're gonna searching rate increases of 25 -- when -- prefer to 5%. Every year but there's a whole another much larger group of homes and those are the ones that are grandfathered those are the ones that are paying the rape that they built that. And those are the ones who were most concerned about it that probably is many more homes and businesses and just -- We we've had called for a meal homeowners. Terrible we're gonna groups of callers who. We've had caller from homeowners but poor that is senate. Wouldn't. Mortgage companies are already calling. And saying we're gonna have to retrieve your home long before this is decided. Because with the saying you know your head. You're gonna have hard time selling it you're gonna have hard time getting insurance sugar breed approach is hundreds of poor your ability upbeat that. While that's an excellent point arm. What we're doing. But the for a delay is on one hand we really are running out the clock because bigger waters will run out in 2017 it's a -- a chance to reauthorize. The National Flood Insurance Program in a more responsible sustainable way. However it is not a guarantee that it is going to get fixed correctly and the fact is that until we have. An athlete statutory fix that ensures that on one hand we're not gonna create a moral hazard and it sent people of the over the shouldn't. But on the other hand people who played by the rules have kept a third sharks in -- if you were told -- will be punished. Until we have that in statute there is actually some risk that the real estate markets might be a little bit sluggish because. That always will be a potential on the term issue. -- it could be brutal -- Lewis scooter some of the callers let's go to. Marketing Brett appreciate the call welcomed should. Thank you draw on our quick question. And I'll hang up. My interest rates that we pay billions always operate in the lobby at all -- got a job. Parish and -- bridge just went up two or 68%. When they fixed -- all right could go back down we're gonna happen here about party -- -- it might draw. -- use that money he's paid because of the bigger waters. Almost like clearly the Kazaa -- my understanding is that many or most of the homes and businesses within the fifteen billion dollar. Flood protection wall actually should see their rates improved. Right now on but however if you're rates have gone up and it is due to a mapping problem. Our current understanding is that when his fixture Rachel -- go back to what they should be. But as of right now I don't think there's a mechanism in place to reimburse people are out of pocket based on what's happened over the past six months. Aren't on. Board of one of the questions. Often wondered. When it comes so all of this. 24 -- a lot of money. Endurance through next week on ball we're leaving behind in Afghanistan equipment buildings and so. Hundreds of bill. And when I get the military -- -- politicians owners say are we doing this with -- its huge deficit. Like they pat me on the head and calling you this only fractional part of the GDP. Only fractional part of the deficit. The military just. Doesn't cost us that much what 24 billion dollars that it causes it's much affecting -- brought up to 40% on reported percent of people on the coast. When you go to Washington to talk to powers should be about this. Did ask him off the record we hear so much worry so much -- so much left behind movie and foreign countries. How can 24 billion. Indeed -- -- or areas of the country politically and economically. Beat too much for a statement. Well I think what we're dealing with here is a question of of not necessarily the facts and figures put the public mood in the political will. And one of the challenges that we've seen up in DC. For the past few years that there really is Katrina fatigue in Washington there's a sense that the country has done more than its share. For the coast and New Orleans region whether or not that's true. And so as long as this was contextualize as a Louisiana issue we really weren't getting much attention in in DC. Once we actually have made you realize that this occurs everywhere. From New York Colorado downward concluding that -- its sandy was a pivot point for us on on discussion it now as being perceived as a nation everybody has to own. Into the 24 billion question in the general question of the federal deficit. Really if -- fixes now with only begun to fix the real issue which as long term how to we have a responsible sustainable flood insurance and that's something where we have to look at. Both make the cart program. Work right which really comes down having accurate maps all the way out to should reconsider something like national catastrophic insurance work. Every household country puts in 200 dollars a year. And -- a forty billion dollar a bank to work with every year although. I think that large national government programs are probably not being on being seen in the best light on just had a. All right take a break we are talking with Michael had one of those. More of the yeah many most responsible for getting hopefully -- for your delay and big flood insurance rate increases. Well it's -- him upon -- are -- -- about flood insurance and the huge huge escalation in prices that have been suggests that there are -- Because of blow congress trying to implement something called the bigger -- waters act July 2012. -- the income was brought in. And in the meantime between Katrina is sandy breeder you name them -- four billion dollar deficit than an actual flood insurance program. And we've done many shows of people scared to death that they couldn't reports stadium there -- homes that couldn't -- Too now nobody would mind their homes in this might kill a lot of homes and businesses and south Louisiana. We have good news to the US house and senate members reached bipartisan agreement. Two delayed by at least four years the plug in -- rate hike in order to use the audience. And and still the bill is not prove motive they have got together and written about the try and push it through. One of those most responsible for pushing all this Michael -- presidency you know gently. Michael if -- and so they -- right now -- homeowners have called here and panic in their hearing that or you definitely. You say division it is is this something they can sleep well at night or for users are still little needle in the. It's I think that this is something that we should all modern term on monitoring myself as a homeowner here. But I do think because the entire nation realizes that. Not to fix this would. Not to -- not to be. Extreme but would end up being an economic Armageddon for the country. We are gonna get it fixed -- really is no no option but at the same time. We have to stay vigilant that it gets fixed correctly and we're not back here again. With the next rewriting having the same issue so no I. I -- cautiously optimistic is an overused expression but I think now we have a house bill with eighty coauthor is bipartisan and we had the senate bill as well. I think that word in as good of a posture as we could not really hope for. Michael what a joke with a lot Brooke thank you for what to do in particular this with going to be back in June to a number of big businesses coming back and coming in and to New Orleans and you seem to bring news and in lose lives their -- Thanks a million you have a good -- welcome -- the studio again Carl thank you so much -- -- for your help. Taking a break double W -- 78 immortal 53.