$300 Billion negative jackpot

Published: September 11, 2005, 1:07 pm

Katrina.

Paper this morning asserts the 'costs' will certainly exceed $200 billion, will most probably reach $300 billion.

Cost the first week was $2 Billion daily for emergency relief, shelter, food for victims, but that's dropped to only $1 Billion daily. MRE's are a lot more expensive than your average pot of beans and cornbread, which hopefully is what's being provided now. Not so many unhealthy additives, tastes better and is a lot more filling and nutritious.

I suppose the good news is that the various billions per day and ultimate cube-values of that in final costs doesn't exist, except on paper. Add a few hundred billion deficit to a trillion and the net result barely gets noticed. The government can just print up a lot of new paper bills and pay it off likkedy-split.

Nature's clever when it teams up with human folly, but not half so clever as accountants and government counterfieters when it comes to shell games with money that doesn't exist.

Who says you can't fool Mother Nature?

Jack

Entry #270

Comments

Rip Snorter - Sep 11, 2005, 1:43 pm

If I knew anything about economics, which I don't, and was a financial adviser, which I'm not, and wanted to give some financial advice to people about what to do about their finances right now, which I don't,

I'd say it's a good time to run up as much debt as possible today, right now, on hard commodities, gold, anything but paper money, and figure on paying for yesterday's wine with tomorrow's dollar bills.

Good thing I don't know anything about much of anything and don't give advice.

Jack

four4me - Sep 11, 2005, 4:59 pm

I told my wife no matter what the final estimate they say. I said it would end up 4 or 5 times more than that and with the cost of inflation as times goes by it will end up costing ten times whatever they say it might cost.

Going into a little blog drift. In Md they decided to build 2 stadiums one for football and one for baseball. They gave estimates for both. adjusted the taxpayers contruibution for it. Then it ended up costing 4 times the amount they originaly stated. And their still selling mega million tickets to help foot the bill even though we as tax payers paid for them one time already.

Rip Snorter - Sep 11, 2005, 5:01 pm

Thanks for the comment four4me. You got a chuckle out of me with that stadium shell game. Runs about the way you'd figure, I'd guess.
Jack

$300 Billion negative jackpot

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