Washington–Two conservative Republican lawmakers are calling for federal budget cuts to balance the credit being extended to finance a deficit at the National Flood Insurance program.
Reps. Mike Pence, R-Ind., and Jeb Hensearling, R-Texas, made their points in a letter to new Majority Leader John Boehner, R-Ohio, and Speaker Dennis Hastert, R-Ill.
The two said that given the overwhelming debt being incurred by the NFIP will likely never be repaid, it should be considered the same as any other federal spending program and require an offsetting cut elsewhere in the budget.
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