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Uncle%20Sam.jpgHere on Sept. 11, the sixth anniversary of the terrorist attack that supposedly altered America forever, some things never change. Washington remains shortsighted, as well as penny wise and pound foolish, as the latest developments in the debate over whether to extend the Terrorism Risk Insurance Act demonstrates.

While members of Congress argue among themselves and with the White House over truly important matters such as the length of TRIA’s renewal, as well as whether insurers should be forced to take on nuclear, chemical, biological and radiological risks, a relatively trivial cost estimate by the Congressional Budget Office has Washington scrambling.

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