PETER G. COHEN – As of November, 2012, New York, New Jersey and other states are reeling from the overwhelming property damage done by the storm. At this point we cannot even estimate how many billions of dollars will be required to assist the devastated areas in their rebuilding, or the new and unknown infrastructure needed to reduce the damage of such storms in the future. What we do know is that without very substantial help from the already strained federal budget this highly productive area of the U.S. will be unable to rebuild itself for a long time.
Tag: Peter G. Cohen
We Canâ€™t Afford Afghanistan
PETER G. COHEN: While Moodyâ€™s is saying that the U.S. could lose its gold-plated AAA credit rating if the budget deficit is not reduced, President Obama is requesting $33,000,000,000 FY 2010 supplemental to fund the troop buildup in Afghanistan. This is in addition to the war-funding budget for 2011 of $159,300,000,000.