Isn't 60 BILLION Dollars In Relief for Hurricane Sandy Excessive?

We are fast reaching the point where we can no longer make the minimum payment on the credit card debt for the nation. The interest on the debt is talking a bigger and bigger part of the yearly revenue. Its not a matter of if but when we default. I guess they don't teach about compound interest in school any more.

Given that the US government debt was HIGHER as a percentage of the GDP during periods of the 20th century going to need a citation for your statement.

oint:

FTFY

For the record, earthquakes can strike anywhere. Obviously, some places like California are more prone than others (NYC is geographically one of the most stable places on Earth, IIRC), but one of the worst in America's recorded history that gets glossed over was one in New Madrid in 1812, which was string enough to change the direction of the Mississippi river for several days.

Cool, another one for Bick's short bus.

Not everyone living by the ocean experiences hurricanes. That includes most people north of Virginia and the entire west coast. We're not talking 'bout morons who lived in New Orleans without flood insurance--this was in unprecedented occurrence. What part of that do you and Dayton and the rest of the mouthbreathers not getting through the marshmallow mass that you call brains?

Edit: Huh. Yanno, I haven't seen Bick in a while, now that I read that again.

That's because he now goes by the name of Malarky.

But he's still our resident Mormon/bus driver/clarinet player/short-order cook!

Despite the New Madrid earthquake, the region is not typically considered a major earthquake zone.

Not only that, but Treasury is actively retiring older, higher interest debt in favor of lower interest notes, making the debt more manageable, not less. The ohnoz, the deficit folks are ignorant or purposefully deceitful.

Indeed. As I've noted here multiple times before, in 2009, during the lowest depths of the economic chaos, the U.S. had the lowest debt service burden (interest payments/GDP) on record. The debt service burden is still lower than during most of the last 40 years.

Oh, and, a few miles off the left of the picture I posted of my area is the Ramapo Fault. We had a 2-point-something quake a few weeks ago. Didn't even wake anybody up.

If it didn't wake anyone up there is little reason to buy insurance that covers events like it.

It'll be interesting to see how long the U.S. will be on top with our mutually-assured-destruction financial scheme we have with the rest of the world.

How is that relevant to your misrepresentation of the taxation system? You can't just switch arguments every time something you say is shown to be nonsense.

Spending has pretty much always been at an all-time high, since it tends to increase over time with inflation and the growth of the economy. That does not mean that people are being taxed more.

"Yeah, I know that it is for both New Jersey and New York.

But come on, $60,000,000,000 is approximately TWICE the entire state budget of New Jersey."

Go there, look at the damage for yourself and you won't be asking that question. The devastated communities answer it for you....

Why is it the obligation of the U.S. federal govt. to foot the majority of the bill?

Because we're a Christian nation.

Why do states pay into the federal budget?

Wait... Dayton dropped out of high school and is now a teacher?!

I was not aware that states (aside from rare situations) paid into the federal budget.

It has been my understanding that Americans citizens and businesses were the ones who actually "paid into the federal govt.".

What the bloody hell are you talking about?

Go ahead and compound at a net NEGATIVE real interest rate, tard. Go ahead and try it and see how the numbers come out. BTW debt service costs as a percentage of GDP are at historic lows so, no, it is not taking up a bigger and bigger part of the budget.

Therefore, if you lived in Jersey of NYC that never sees a hurricane, there's little reason to buy flood insurance.

I see we agree.

I suspect Spaceturkey was just talking trash in post #75 but I wanted to double check because it sounds remotely plausible in this case.

So do you have a GED or a HSD? Just to clarify.

re-read #74's pyramid.

OK, got it. Thanks.

I graduated third in my class. Though our graduating class had only 44 people IIRC.

And at least 30 of them were related by blood in various illegal ways. It is Arkansas after all.

Ah Faceman. I just saw your picture on a milk cartoon.

Seems a village was missing you....

So Obama signed a $9.7 billion Sandy aid bill into law which has none of the future preventative measures, doesn't repair any of the Amtrak tunnels which flooded, and doesn't even fix all the damage. It looks like home owners are going to get stuck with most of the bill on this simply because piece of shit southern Republicans don't like the northeast. Shit, given how the blue states pay for everything in this country and how red states are mostly just welfare queens you'd think they'd be smart enough not to piss off the folks who actually do pay taxes.

I hope voters remember how the Republicans, who cried croc tears over the Katrina aid bill, fucked them over.

Speaking of preventive measures:

http://science.time.com/2012/11/05/sandy-what-a-coastal-u-s-can-learn-from-other-threatened-cities/

New York Rep King is absolutely livid over the massive amounts of unrelated pork Republicans are packing into the Sandy Relief bill. Aparently the effected areas are only asking for ~$15 billion but the "we care so much about the deficit" Republicans have gone and packed in another $37 billion worth of stuff which have absolutely nothing to do with Sandy and don't even go to the effected areas.

Boehner is apparently aiding and abetting this by refusing to demand the bill be amendment free thus turning it into a pork free for all which only Republicans are allowed to add to. The scuttle butt is that Boehner promised to let Republicans pork away on this bill as a kick back for GOP reps who reelected him. Ahh, corruption with government for sale. It's the Republican way.

http://thehill.com/blogs/on-the-money/appropriations/277027-rep-king-outraged-over-sandy-amendments

Boehner has always been a dick. Out of more than 200 members I don't see how the GOP couldn't come up with a better House Speaker.