$50B Cost of Hurricane Sandy
Just a Lousy Drop in the Bucket

By Jim Berlin

The government announced today that lost business and damages caused by Hurricane Sandy will amount to $50 billion. We are not impressed.

In fact if two trick-or-treaters were to come to your door tonight, one wearing a sheet and one dressed as $50 billion, you would give “best costume” award to the ghost.

“But I’m $50 billion!” says a quivering little voice.

“Not scary enough, punk!” we shout. “No candy for you!”

Americans don’t know what Big Money is anymore. Just lately there was $700 billion for the TARP bailout, $317 billion to Fannie Mae and Freddie Mac and $80 billion to the auto industry.

Fifty billion dollars for a record-breaking hurricane? That’s the same amount we hand out every year to foreign countries, most of which spit on us in volumes surpassing all the rainfall from Sandy.

And some of which, tragically, have killed several times as many Americans as Sandy did.

Our current national debt is $16 trillion, which breaks down to $51,000 for every U.S. man,

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woman, child and even a few dogs and cats. For those of us who pay taxes, it equals $141,000 per person.

You shrug. But what if Uncle Sam came to your door tonight dressed up as, well, Uncle Sam. And held out his hand. And said, “Hey, citizen, you owe me 141 thousand bucks – and I want it now!”

That would be scary, right? That would win best costume, hands down.

Well, one of these days that debt’s going to come due. And when it does, Hurricane Sandy will seem like a sweet April shower.

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