Saturday, November 24, 2012

Christie pegs New Jersey's Sandy damage at $29.4 billion

Now that's a big ask!!  In my assessment: Oh, now they get it!  If more people were displaced (like if a major disaster happened in Virginia) and their bank account disappeared with replacing destroyed items, and their insurance companies bailed out on those policies, maybe people would appreciate FEMA, and Federal assistance funds.

Christie pegs New Jersey's Sandy damage at $29.4 billion:


"This preliminary number is based on the best available data, field observations, and geographical mapping," Christie said in a statement released Friday evening. "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."
The estimate is considered a crucial step for Christie, who recently consulted with governors from Louisiana and Mississippi about working with the federal government after Hurricane Katrina, as he makes his case for federal funds to aid in rebuilding New Jersey's storm-ravaged coastline and cover losses incurred during widespread power outages.
How much of that money New Jersey will see is hotly debated. Republican Rep. Chris Smith warned this week that while the maximum federal assistance for an individual is $31,900, the average following last year's Hurricane Irene was $8,000.


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