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Obama asks Congress for $60.4 billion in Sandy aid
Associated Press ^ | Dec. 7, 2012 8:58 PM ET | Andrew Taylor

Posted on 12/07/2012 7:53:40 PM PST by Olog-hai

President Barack Obama asked Congress Friday for $60.4 billion in federal aid for New York, New Jersey and other states hit by Superstorm Sandy in late October. It’s a disaster whose cost is rivaled only by the Sept. 11, 2001 terrorist attacks and the 2005 Hurricane that devastated New Orleans and the Gulf Coast.

Obama’s request adds a huge new to-do item to a congressional agenda already packed with controversy on how to resolve the nation's budget woes and avoid the so-called fiscal cliff.

“Our nation has an obligation to assist those who suffered losses and who lack adequate resources to rebuild their lives,” Jeffrey D. Zients, deputy director of Obama’s budget office, wrote to congressional leaders. “At the same time, we are committed to ensuring federal resources are used responsibly and that the recovery effort is a shared undertaking.”

The measure blends aid for homeowners, businesses, and state and local government walloped by Sandy and comes with just a few weeks to go before Congress adjourns. Whether it passes this month or gets delayed in whole or part until next year is unclear. Most of the money—$47.4 billion—is for immediate help for victims and other recovery and rebuilding efforts. There’s another $13 billion for mitigation efforts to protect against future storms.

(Excerpt) Read more at hosted2.ap.org ...


TOPICS: Government; US: District of Columbia; US: New Jersey; US: New York
KEYWORDS: hurricanesandy

1 posted on 12/07/2012 7:53:51 PM PST by Olog-hai
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To: Olog-hai

I think the states should pick up most of it


2 posted on 12/07/2012 7:55:05 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

Why? The states will just ask the fed for a loan, a loan that will never get paid back.


3 posted on 12/07/2012 8:01:15 PM PST by doc1019
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To: Olog-hai

Folks who had the foresight to have flood insurance when they are near the water will be largely reimbursed. Those who chose not to incur the expense of buying flood insurance will not be reimbursed. Each group made their choices—one wise and one foolish. At most, the federal government should make low interest loans available as well as the normal level of disaster assistance. I’m getting the feeling that New York and New Jersey are trying to milk this and actually make huge “profits” off of this storm.

If NY and NJ want to have all their recovery work done by overpaid union workers doing repairs as slow as they can, then the NY and NJ citizens need to be the ones to pay for it.


4 posted on 12/07/2012 8:05:57 PM PST by House Atreides
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To: House Atreides
Federal Flood Insurance: "A maximum of $250,000 of building coverage is available for single family residential buildings. The limit for contents coverage on all residential buildings is $100,000, which is also available for renters. Commercial structures can be insured to a limit of $500,000 for the building and $500,000 for the contents. Residential Condominium buildings can be insured for their full replacement cost."

Beachfront properties in New Jersey typically sell for much more than the Federal Flood Insurance limits. So, no, many aren't fully covered even if they paid for insurance. As to how wise it was to build expensive homes that close to the ocean -- I've asked that question for years. This is not the first time that the NJ barrier islands and low-lying parts of the mainland have been flooded by a hurricane. Residents were lulled into a false sense of security by the lack of any really bad hurricanes for the last few decades.

5 posted on 12/07/2012 8:20:39 PM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Olog-hai

Tell him “Hey, we won. Stuff it.”


6 posted on 12/07/2012 8:21:36 PM PST by Argus
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To: Olog-hai

Nope! Sorry, these states voted for Obama, and the Republican Party congress controls the money. Don’t give them a dime, or perhaps take it as a bargaining chip on the current talks. Play hardball with Obama the thief.


7 posted on 12/07/2012 8:31:06 PM PST by evangmlw
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To: Olog-hai

Why doesn’t the Kenyan use his own money? He and his family get everything free anyway. They don’t need money. They’re the First Moochers.


8 posted on 12/07/2012 8:39:36 PM PST by FlingWingFlyer (Don't tax me bro! Tax that guy over there!)
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To: evangmlw

Give them everything they want. In nobamaland everything is free...FREE! Give them 10 billion EACH.


9 posted on 12/07/2012 8:40:22 PM PST by ogen hal (First amendment or reeducation camp?)
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To: Olog-hai
“Our nation has an obligation to assist those who suffered losses and who lack adequate resources to rebuild their lives"

No, actually, the federal government doesn't have that obligation.

10 posted on 12/07/2012 8:42:34 PM PST by FoxInSocks ("Hope is not a course of action." -- M. O'Neal, USMC)
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To: Olog-hai

Just say no.
I don’t see why Obama can’t just use his stash.


11 posted on 12/07/2012 8:44:24 PM PST by Rightwing Conspiratr1
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To: FoxInSocks

You are exactly correct.


12 posted on 12/07/2012 8:47:48 PM PST by GeronL (http://asspos.blogspot.com)
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To: Olog-hai; All

Where are the offsets? Is Obama tell them to spend money they don’t have for Sandy? Wasn’t he upset Katrina wasn’t “paid for” ?


13 posted on 12/07/2012 8:56:07 PM PST by newzjunkey (grr)
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To: Olog-hai

I sympathize with home owners. However, if you build next to the Atlantic Ocean, you might well expect to be flooded once in a while. Why should I pay for foolish site planning?


14 posted on 12/07/2012 9:08:01 PM PST by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: Olog-hai

Lived in Sea Bright from 1988 thru 1999. Our house was raised when we bought it, but most were not. We went through several big storms but our house never flooded. Everyone else was flooded and pocketed money each storm instead of raising their homes. People have rolled the dice and won for years.


15 posted on 12/07/2012 9:16:53 PM PST by missingwv
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To: Olog-hai

Cool! Another mini-stimulus, this time in deep blue areas. Just send Bernanke an email for more money printing!


16 posted on 12/07/2012 9:34:15 PM PST by winner3000
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To: Olog-hai

Bath-House Barry doesn’t “ask” for a damned thing-—

He alerts congress about his intentions-like the dictator he/she is.


17 posted on 12/07/2012 9:34:19 PM PST by Mortrey (Impeach President Soros)
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To: Olog-hai

Cool! Another mini-stimulus, this time in deep blue areas. Just send Bernanke an email for more money printing!


18 posted on 12/07/2012 9:34:26 PM PST by winner3000
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To: newzjunkey
“Where are the offsets? Is Obama tell them to spend money they don’t have for Sandy? Wasn’t he upset Katrina wasn’t “paid for” ?”

Not to worry. He'll just add that amount to the already agreed upon 700 bln taken from Medicare to finance obammycare.

The old white Europeans are undesireables and thus expendable anyway.

19 posted on 12/07/2012 9:36:58 PM PST by MichaelCorleone ('We the People' can and will take this country back...starting today.)
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To: Olog-hai

OK, let’s skip the aid to Egypt and instead send the money to our own East coast.....


20 posted on 12/07/2012 10:56:02 PM PST by Victor (If an expert says it can't be done, get another expert." -David Ben-Gurion, the first Prime Minister)
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To: Sooth2222

Beachfront properties in New Jersey typically sell for much more than the Federal Flood Insurance limits. So, no, many aren’t fully covered even if they paid for insurance.
********************************************************************
For beachfront properties, much (and, frequently, most) of the selling price is for the LOCATION of the property. I’ve seen real crappy, cheaply built properties near to the ocean or gulf sell for many times what it would cost to completely raze and rebuild.

Again, let’s not subsidize those who chose to avoid the cost of paying for flood insurance—and, instead, decided to gamble that they’d never be flooded or, if they were flooded, we non ocean-front taxpayers would pay for their new replacement building.

Let these two blue states work out how they’re going to handle this.


21 posted on 12/08/2012 9:44:32 AM PST by House Atreides
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To: Olog-hai

Note to the GOP - let him have the $60 billion for Sandy, with it deducted money for Obamacare.


22 posted on 12/08/2012 1:07:33 PM PST by Wuli
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