Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
Why the Government Keeps Bailing Out Its Own Insurers
The federal government runs dozens of insurance programs that compete with private markets — flood, crop, pension, even terrorism. In this episode, Lucas and Luna dig into one specific case: the National Flood Insurance Program, which has borrowed nearly $30 billion from the Treasury because it charges premiums that don't reflect real risk. They explain how politics keeps rates artificially low, why the program's debt keeps growing, and what it means for taxpayers when the government acts as insurer of last resort. Along the way, they touch on why this pattern shows up across…
The skinny
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