The most severe and destructive storm to ever hit the Jersey Shore also left a record-high price tag: $29.4 billion in damages.
The Christie administration has completed a preliminary analysis that puts the price of Sandy's destruction at the costly figure.
The estimate will be further refined in the days ahead, officials say.
The preliminary number is based on empirical data, field observations and geographical mapping, and supported by "expert advice" from the administration's cabinet members and an outside consulting company, said Governor Christie.
“In a short period of time, we put together a comprehensive and responsible estimate, which may increase in the weeks ahead, and I stand ready to work with our Congressional delegation and the Obama administration to get the funding support New Jersey expects and deserves in the aftermath of this catastrophe," Christie said.
Sen. Frank Lautenberg, D-N.J., said he talked to Christie about the preliminary cost analysis, and promised to try to get funding help.
"This cost analysis is a critical step in our effort to move a strong emergency funding package forward in Washington," he said. "The people of New Jersey can rely on the congressional delegation to work with the Obama Administration, Governor Christie and our colleagues to deliver the funding necessary for New Jersey families, communities and businesses to recover and rebuild so that we're stronger than ever before."
Lautenberg is the vice chairman of the Senate Appropriations Subcommittee on Homeland Security, and a member if the full Appropriations Committee, which will write the Sandy emergency funding package.
The governor said he will continue to provide immediate relief for New Jersey residents who were struck hard by Sandy.
“But, be assured, I will spare no effort and waste no time to rebuild and restore our tourism industry, our transportation and utilities infrastructure and the lives of our citizens for the long term,” he said.
The preliminary cost estimate is inclusive of aid received to date and anticipated from federal sources including FEMA and the Small Business Administration.
The estimate will likely be refined further to consider and include the long-term impact on the next tourism season, shifts in population, impact on real estate values and other factors, officials say.
If you like a 40 hour week, Overtime Pay, Vacation Pay, Sick leave, disability insurance, 401(k), and a safe workplace; thank the unions. If not, try working in Bangladesh. Pure capitalism gets you sweatshops.
You are not helping your cause on this forum.
PS - how come no one cared when FEMA rebuilt New Orleans, a city that is BELOW sea level. Smart use of borrowed money NOT
And "we" don't want you to pay to repair our personal paradise...."we" are looking for FEMA to reimburse people. Ya, the same FEMA that your taxes go to is the same FEMA that OUR taxes go to as well.
As to your China debt comment - I know I am whistling into the wind trying to introduce reality into your imagination, but here goes: When you break down our debt by nation creditors - China holds about 7% and the goood ole USA holds nearly the entire balance....
Let me fill you in, we spend $1 trillion plus a year more than we take it or looked at another way we spend 11 for every 7 we take in. For every $110 million FEMA spends, it borrows $40 million. It was then candidate Obama in 08 who claimed we took out a credit card from Bank of China to support our spending addiction. Perhaps you should let him know of your China comment. He needs to know because he keeps doing it over and over and over or was he just a liar.........see I just like repeating what he says since everyone believes it. Are you somehow justifying our obscene spending deficit and debt because we own it? Do you even know the difference between deficits and debt? We owe China $1.2 T and Japan about the same. So, we pay China and Japan interest on $2.4 T a year. Smoooooooooooooth!
This is the problem. Those that had a problem with other government entitlements. Now does NOT have a problem because they are the ones who are in need this time. The same who complained about other government programs now has their hand out and it is ok.
The problem is the government has handed out more than can ever be paid for and this dependency, this entitlement mentality is the problem. It's an addiciton of both the receiver and the giver who seeks power and wealth by pretending to care. 99 weeks of unemployment payments? Who pays for that? Social security tax cut but no reduction in future benefits? Who pays for that? Free healthcare? Who pays for that? It's all borrowed and put on future generations. How do you think we got to $16.3 trillion in debt growing to $25 trillion in 10 years? FEMA while inefficient and not self funding isn't the real problem. Its barely a rounding error in the Fed government. Medicare and welfare spending etc is. Medicare and Medicaid will spend $600 Billion more on 2013 than it will receive in dedicated Medicare taxes. That is the problem financially speaking. Obviously those receiving these benefits on borrowed funds don't care. Should we really borrow from future generations to give out stuff today knowing that the future can never pay it back? Should we keep borrowing trillions of dollars or is it time to balance the budget?
Similarly - in an earlier post you make the blanket statement that "rebuilding" New Orleans was bad budgetting/spending, etc....but you likely gave no consideration to the costs (real, present day, future, and opportunity) of not rebuilding it....I look forward to a reasonable response.
But thanks for adding that to the dialogue as it is important to note that while the spending is bad financially, it is (absent the waste) doing many other things that are beneficial but unsustainable. Just like defense spending pays soldiers, builds warships and planes and employs people in other sectors which if cut would have a snowball effect. I get it. Drastic cuts of any kinds will do damage. A phases approach is necessary. But the problem is still the problem. We spend and borrow too much. No amount of tax increases will balance the budget.
Listen carefully to the words from the pols. They speak of reducing the "deficit" which means if we spend $1 trillion too much, let's only spend $900 B too much. NONE OF THEM has a clue on how to tackle the "debt' that is exploding because of this spending. You have to stop spending. At a minimum freeze it. In 2022, interest costs on $20 T of debt will cost us $800 B a year up from $220 B now. Imagine wasting another 600 B a year just on interest because we allowed the debt to explode? The fundamental question is why have we let medicare spending exceed the dedicated revenues to the tune of trillions knowing all along it was unsustainable? When was it intended for income taxes to subsidize Medicare? If we just went back to 2008 spending levels of $2.8 T that would be a start. It wasn't that along ago that it doesn't make sense. Take all line items right back to 4 years ago. Have you seen the federal budget http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/tables.pdf Thanks for the contributions to the facts. Re Rebuilding NO. What costs to not rebuilding? Did the costs to build outweigh the costs not to? It's just gonna happen again.
Only those who don't understand spending = jobs think you can just gut the military or medicare and call it a day. First step is to admit the problem. We spend too much. Second step is develop a plan to spend less by first stop adding to spending and 2. reducing spending to prior levels - includes government, defense and entitlement spending across the board while incr revenues catch up. For the record, inc tax revs were higher in 12 than 11 by $40 B and corp taxes were $60 B higher for a net incr of $100 B in new tax income without raising rates in 2007, inc tax revenues were record highs $2.6T - yep all time highs - and the budget deficit was $160B. today, inc tax revenues are $2.45 T but the deficit is $1.2 trillion now. Annual spending increases are driving the deficits and thereby increasing the debt. Entitlement spending alone grow by $500 B a year from 08 to 12. Obama's social security tax cut is costing $200 B a year in deficit spending even though no reduction in future benefits was made. Who pays for this in the future both the borrowing cost and the actual payments? in 09, medicare/medicaid spending = $632B in 13, they will equal $811 B 16 projection, $1.04 trillion so from 09 to 16, Medicare/Medicaid spending will increase by 80% all on borrowed money Sustainable?
Thank You...
SEASIDE RESIDENTS LETS GET TOGETHER AND MAKE A DIFFERENCE With a large group, we can invite the media. Start making the town the way it should be before many good people abandon the town due to the neglect of its laws and lack of respect for its people. Close the bars early Enforce the ordinances for noice and health The time is now Contact me LETS MARCH TO CITY HALL AND DEMAND A CHANGE AFTER THE NEW YEAR
OKAY, JACK, WHEN ARE WE LEAVING TO GO STORM THE MEETING??? SURE. MAYBE YOU ARE ONE OF THEM SCOUTING OUT WHO IS POSTING HERE. MAYBE YOUR LEGIT. WHO KNOWS...NO ONE WILL EVER KNOW.... CONTACT ME TOO!
Docyou think anyone that has a position in town cares about anything being sId on these boards I don't think so I am just completely fed up with the COMPLETE lack o respect for us residents. This town has "0" direction. No vision and they are killing my property value. Tired of the 20 somethings controlling the streets while the police look the other way unless a fight breaks out. The noise is horrendous until 5am weekends I've complained for years Nothing gets done NOW W SSH ON THE RADAR LETS TURN THE TIDE Matchup city hall and let them know that the town wants a chNge all while the media is coverin it otherwise they just continue to do it the way that they want with their small group of insiders that they continually reelect to hold the fort I know hundreds of people alone. They are waiting md ready All frustrated SSH residents, let's be heard. You hVe Ll seen the disregard for us residents as seen by the years of complaints while attending the POA meetings. It's a wear down process for us to complain to another inside group thAt eventuLly does nothing to push the mayor n council. They address questions and then do "0". Let's make a change
ALL THESE POSTERS COULD PROBABLY HELP MORE PEOPLE WITH A FEW DOLLARS TOWARD THINGS LIKE HAVING KEYS MADE FOR NEW LOCKS FOR PEOPLE. BUNCH OF CLEANING SPONGES, ALL THINGS YOU WOULDN'T NORMALLY THINK OF, BUT PEOPLE WILL NEED...WHAT'S WITH THE PICKLES???? EVEN DRIED FRUIT OR NUTS IS BETTER THAN PICKLES...I MEAN IT'S BETTER THAN NOTHING, BUT, I JUST DON'T GET IT AND EVER, EVER WILL.
ADMIT THE PROBLEM.....THE PROBLEM IS BIGGER THAN WHAT WOULD BE ADMITTED. DEVELOP A PLAN.................WHO???????????????????????????? IS GOING TO DEVELOP THIS PLAN........POLITICIANS?...THEY WOULD RATHER ARGUE
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